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Article: Fitch Rates Arantes International Sr. Notes 'B/RR4'.
- Article from:
- Business Wire
- Article date:
- June 2, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK & RIO DE JANEIRO, Brazil -- Fitch Ratings has assigned a 'B/RR4' rating to Arantes International Ltd.'s proposed issue of up to USD200 million senior unsecured notes. Arantes International is a special-purpose vehicle wholly-owned by Arantes Alimentos Ltda (Arantes) and is unconditionally guaranteed by Arantes. Arantes' foreign and local currency Issuer Default Ratings (IDRs) are 'B' and the company's national scale rating is 'BBB(bra)'. The Rating Outlook is Stable. Proceeds from the issuance will be used for the repayment of certain short and long-term debt, as well as for capital expenditures and general corporate purposes.
The ratings reflect ...
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Article: Fitch Rates Arantes Alimentos Ltda. IDR 'B'.
Business Wire;
November 29, 2007 ;
700+ words
... ... foreign and local currency Issuer Default Ratings (IDRs) of 'B' to Brazil's Arantes Alimentos Ltda. (Arantes). In addition, Fitch has also assigned Arantes a national debt rating at 'BBB(bra)'. The Rating Outlook is Stable. The ...
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