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Minerva Ratings Remain Unchanged Following Proposed Add-On To Its 2023 Notes

Published Aug 13, 2014

980 words — Published Aug 13, 2014

Price US$ 150.00 | Buy this Report Now

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Abstract:

SAO PAULO (Standard&Poor's) Aug. 13, 2014--Standard&Poor's Ratings Services said today that its 'BB-' global scale and 'brA' national scale corporate credit ratings and 'BB-' issue-level ratings on Minerva S.A. remain unchanged following the proposed add-on to the company's 2023 notes. We expect Minerva to use the proceeds from the issuance to pay down interest and short-term debt, maintaining its current gross and net credit metrics and improving its capital structure somewhat. RELATED CRITERA AND RESEARCH Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Jan. 2, 2014 Corporate Methodology, Nov. 19, 2013 Corporate Methodology: Ratios And Adjustments, Nov. 19, 2013 Country Risk Assessment Methodology And Assumptions, Nov. 19, 2013 Methodology: Industry Risk, Nov. 19, 2013 Key

Brief Excerpt:

RESEARCH Minerva Ratings Remain Unchanged Following Proposed Add-On To Its 2023 Notes Publication date: 13-Aug-2014 Primary Credit Analyst: Flavia M Bedran, Sao Paulo (55) 11-3039-9758; flavia.bedran@standardandpoors.com Secondary...

Report Type:

Ratings Action

Ticker

BEEF3@BZ

Issuer

Minerva S.A.

GICS

Packaged Foods & Meats (30202030)

Sector

Global Issuers, Structured Finance

Country

Brazil

Region

Latin America

Format:

HTML

Summary: Minerva S.A. – 2014/11/12 – US$ 225.00

Bulletin: Minerva S.A. Ratings Not Affected By Acquisition Of Colombia-Based Red Carnica S.A.S. – 2015/02/24 – Free

Minerva 'BB-' Ratings Affirmed On Strong Liquidity Despite Higher Debt, Outlook Still Stable – 2015/03/31 – US$ 150.00

Research Update: Minerva 'BB-' Ratings Affirmed On Strong Liquidity Despite Higher Debt, Outlook Still Stable – 2015/03/31 – US$ 225.00

Bulletin: Minerva S.A. Ratings Not Immediately Affected By Announcement Of Potential Capital Injection – 2015/12/23 – Free

Minerva's $300M Notes Rated 'BB-', National Scale Rating Raised To 'brA' From 'brA-', 'BB-' Credit Rating Affirmed – 2014/03/21 – US$ 150.00

Research Update: Minerva Luxembourg's $300M Notes Rated 'BB-', Minerva S.A. National Scale Rating Raised To 'brA' From 'brA-' – 2014/03/21 – US$ 225.00

Bulletin: Minerva S.A. 'BB-' And BRF S.A. 'BBB-' Ratings Unaffected On Proposed Investment Agreement – 2013/11/05 – Free

Minerva S.A. Upgraded To Global Scale 'BB-' From 'B+' And To National Scale 'BrA-' From 'brBBB+' On Strong Liquidity – 2013/04/30 – US$ 150.00

Research Update: Minerva S.A. Upgraded To Global Scale 'BB-' From 'B+' And To National Scale 'BrA-' From 'brBBB+' On Strong Liquidity – 2013/04/30 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Minerva Ratings Remain Unchanged Following Proposed Add-On To Its 2023 Notes" Aug 13, 2014. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Minerva-Ratings-Remain-Unchanged-Following-Proposed-Add-On-To-Its-2023-Notes-1353081>

APA:	S&P Global Ratings’ Credit Research. (). Minerva Ratings Remain Unchanged Following Proposed Add-On To Its 2023 Notes Aug 13, 2014. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Minerva-Ratings-Remain-Unchanged-Following-Proposed-Add-On-To-Its-2023-Notes-1353081>

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