...April 26, 2024 SAO PAULO (S&P Global Ratings) April 26, 2024--S&P Global Ratings today assigned its 'brAAA' national scale issue-level rating to Jalles Machado S.A.'s proposed fifth senior unsecured debenture. The amount of the proposed issue is currently 400 million Brazilian reals (R$), and it could increase to R$500 million. The final maturity would be in 2034. We also assigned a '3' recovery rating, reflecting our expectation of recovery in the 50%-70% range (rounded estimate: 65%) for creditors in a hypothetical default scenario. Jalles (global scale: ##/Stable/--; national scale: brAAA/Stable/--) will use the proceeds exclusively for investments and expenses related to the improvement of its sugarcane fields. In the third quarter of the 2023-2024 harvest, most sugarcane processors in the center-south region of Brazil have already completed their crushing for the fiscal year. Jalles crushed 7.350 million tons of sugarcane, in line with our expectations and 44.3% more than it crushed...