by Amruth Sundarkumar | Aug 9, 2021 | High Yield Bonds
Brazilian meat producer JBS SA is acquiring Australia’s Huon Aquaculture Group for AUD 425mn ($314mn), expanding into the fish business. The acquisition already received approval of majority shareholders, despite Huon’s recent struggle in making a profit, and is...
by bondevalue | Apr 9, 2021 | Credit Ratings, High Yield Bonds
Moody’s Ratings upgraded Brazilian meat producer JBS to Ba1 from Ba2. The rating agency cited better results, improved liquidity and lower refinancing risk as JBS “implemented a number of initiatives to extend debt maturities, amortize debt and reduce funding...
