Fitch Rates BR MALLS Participacoes S.A.'s Proposed Perpetual Notes 'BB'
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| Title: | Fitch Rates BR MALLS Participacoes S.A.'s Proposed Perpetual Notes 'BB' |
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| Authors: | Fitch Ratings |
| Source: | Business Wire (English). 10/18/2012. |
| Abstract: | Fitch Ratings has assigned a 'BB' rating to BR Malls International Finance Limited's (Finco) proposed perpetual notes of up to USD175 million. The notes will be unconditionally and irrevocably, jointly and severally, guaranteed by BRMALLS Participacoes S.A. (BRMALLS) and its subsidiaries: ECISA Engenharia, Comercio e Industria Ltda., ECISA Participacoes Ltda., and Proffito Holding Participacoes S.A. Proceeds will be used to refinance existing debt as part of the company's liability management program. [ABSTRACT FROM PUBLISHER] |
| Database: | Regional Business News |
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| Abstract: | Fitch Ratings has assigned a 'BB' rating to BR Malls International Finance Limited's (Finco) proposed perpetual notes of up to USD175 million. The notes will be unconditionally and irrevocably, jointly and severally, guaranteed by BRMALLS Participacoes S.A. (BRMALLS) and its subsidiaries: ECISA Engenharia, Comercio e Industria Ltda., ECISA Participacoes Ltda., and Proffito Holding Participacoes S.A. Proceeds will be used to refinance existing debt as part of the company's liability management program. [ABSTRACT FROM PUBLISHER] |
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