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Reopened Brazilian Global Real Bond Rated 'BB'

Published Dec 13, 2006

733 words — Published Dec 13, 2006

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Abstract:

NEW YORK (Standard&Poor's) Dec. 13, 2006--Standard&Poor's Ratings Services said today that it assigned its ´BB´ rating to the Federative Republic of Brazil´s (BB/Positive/B foreign, BB+/Positive/B local currency sovereign credit ratings) global Brazilian real-denominated (BRL) bond maturing in 2022. The bond, which was recently reopened, settled Dec. 11, 2006. The total amount outstanding of the global BRL 2022 is now Brazilian real (R$) $3 billion. While denominated in Brazilian reals, the bond is payable in U.S. dollars; hence, Standard&Poor´s assigns a foreign currency rating to the bond. According to Standard&Poor's credit analyst Lisa Schineller, the global BRL 2022, initially issued in September 2006, compliments the global BRL 2016 of R$3.4 billion issued in

Brief Excerpt:

RESEARCH Reopened Brazilian Global Real Bond Rated '##' Publication date: 13-Dec-2006 NEW YORK (Standard & Poor's) Dec. 13, 2006--Standard & Poor's Ratings Services said today that it assigned its ¦##¦ rating to the Federative Republic...

Report Type:

Ratings Action

Ticker

1323Z@BZ

Issuer

Brazil

Sector

Global Issuers, Structured Finance

Country

Brazil

Region

Latin America

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Reopened Brazilian Global Real Bond Rated 'BB'" Dec 13, 2006. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Reopened-Brazilian-Global-Real-Bond-Rated-BB-551179>

APA:	S&P Global Ratings’ Credit Research. (). Reopened Brazilian Global Real Bond Rated 'BB' Dec 13, 2006. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Reopened-Brazilian-Global-Real-Bond-Rated-BB-551179>

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