Brazilian JBS defies coronavirus to reach top rung of HY

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Brazilian JBS defies coronavirus to reach top rung of HY

Oliver West
June 17, 2020 03:00 am
JBS, USA, brazil, meat, protein, pork, beef, poultry, LatAm, 575, Worthington
A JBS pork plant, a new hotspot for the coronavirus, is seen Tuesday, April 21, in Worthington, MN. Worthington 003 (Photo by Erin Bormett/Argus Leader/Imagn/USA Today Network/Sipa USA) | USA TODAY Network/USA Today Network/Sipa USA

As sovereigns and corporates from all corners of the word suffer rating downgrades at an alarming rate, Brazilian meatpacker JBS bucked the trend on Tuesday as Fitch upgraded the borrower to BB+, just one notch away from investment grade status.

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CoronavirusHealth and BiotechAmericasLatAm BondsEmerging MarketsBrazilLatAmSRILatin America
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Oliver West
US Bureau Chief - Latin America Editor
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