(Moody’s, 30.Apr.2015) – Moody’s América Latina assigned a Baa3 global scale and Aaa.br national scale ratings to Raízen Energia S.A.’s proposed BRL 500 million senior unsecured CPR-F (Cédulas de Produto Rural Financeiras) due 2021 and guaranteed by Raízen Combustíveis S.A. The outlook for the rating is stable.
The rating of the proposed CPR-F assumes that the final transaction documents will not be materially different from draft legal documentation reviewed by Moody’s to date and assume that these agreements are legally valid, binding and enforceable.
***
