JBS is upgraded to investment grade by S&P

The rating agency Standard & Poor’s (S&P) announced this Thursday (2) that it has upgraded JBS, the global leader in protein-based foods, to investment grade. The rating went from BB+ to BBB-.

According to the report published by S&P, “JBS has taken steps to improve risk controls and now has a track record of more prudent risk management and improved Board effectiveness.” The agency assigned a stable outlook to the new rating. JBS is the only Brazilian-based protein company to be investment grade.

With the S&P rating, the Company reinforced its rating as Full Investment Grade, since, last year, the rating agencies Fitch Ratings (Fitch) and Moody’s Investors Service (Moody’s) had already upgraded JBS’s rating to investment grade. Now the three agencies classify the Company as investment grade.

• Business
• Institucional
• Investment Grade
• S&P