01.05.2014 16:22:00
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Fibria Overseas Finance Limited -- Moody's assigns Ba1 rating to Fibria's proposed USD 500 mm senior unsecured notes due 2024
New York, May 01, 2014 -- Moody's Investors Service has assigned a Ba1 foreign currency rating to the proposed USD 500 million senior unsecured notes due 2024 issued by Fibria Overseas Finance Ltd and fully and unconditionally guaranteed by Fibria Celulose S.A.. Proceeds will be used to prepay part of the company's outstanding notes due 2021 and to reduce gross debt. The ratings outlook is positive.