JBS Still Among Mizuho’s Top Picks Even After Rating Downgrades
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
JBSS3 BZ (JBS SA)
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UUID: 7947283
(Bloomberg) -- Mizuho sees JBS having one of the best quarters ever in terms of Ebitda margin, positive free cash flow generation and deleveraging, helping ensure the rollover of bank lines to avoid any liquidity pressures, according to emailed report.
- “We have discussed the liquidity situation with several market participants and strongly disagree with Moody’s and S&P view, questioning JBS’ ability to refinance its short-term debt that comes due in the middle of next year”
- “S&P and Moody’s now rate JBS lower than Marfrig, which in our view makes no sense”
- NOTE: JBS Downgraded to B From B+ at S&P, Outlook Negative
- NOTE: JBS Shares, Bond Extend Drop After Moody’s Downgrade
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
JBSS3 BZ (JBS SA)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283