Fitch Affirms and Withdraws Globoaves' Ratings

RIO DE JANEIRO--(BUSINESS WIRE)-- Fitch Ratings has affirmed and withdrawn the ratings for Globoaves Sao Paulo Agroavicola Ltda (Globoaves). The Rating Outlook for the corporate ratings was Stable at the time of the withdrawal.

Fitch has chosen to withdraw Globoaves' ratings for commercial reasons.

RATING SENSITIVITIES

Fitch will no longer provide rating or analytical coverage of this issuer.

FULL LIST OF RATING ACTIONS

Fitch has affirmed and withdrawn the following ratings:

Globoaves Sao Paulo Agroavicola Ltda.

--Local Currency and Foreign Currency Issuer Default Ratings 'B-';

--National Long-Term Local Currency rating 'BB+(bra)'.

Additional information is available on www.fitchratings.com

Applicable Criteria

Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage (pub. 28 May 2014)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=749393

National Scale Ratings Criteria (pub. 30 Oct 2013)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=720082

Additional Disclosures

Dodd-Frank Rating Information Disclosure Form

https://www.fitchratings.com/creditdesk/press_releases/content/ridf_frame.cfm?pr_id=987245

Solicitation Status

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=987245

Endorsement Policy

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150630006561/en/

Fitch Ratings
Primary Analyst
Gisele Paolino
Director
+55-21-4503-2624
Fitch Ratings Brasil LTDA
Praca XV de Novembro, 20 / 401-B
Rio de Janeiro, RJ 20010-010
or
Secondary Analyst
Johnny Da Silva
Director
+1 212-908-0367
or
Committee Chairperson
Ricardo Carvalho
Senior Director
+55 21 4503-2627
or
Media Relations, New York
Alyssa Castelli, +1 212-908-0540
[email protected]

Source: Fitch Ratings

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