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Emerging MarketsEM LatAm

Brazilian JBS defies coronavirus to reach top rung of HY

JBS, USA, brazil, meat, protein, pork, beef, poultry, LatAm, 575, Worthington

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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