August 22, 2019
Adecoagro is preparing to sell BRL400m ($99.4m) in agribusiness receivables certificates, or CRAs, through the local securitization company EcoAgro, according to a report from S&P Global.
Adecoagro will back the notes with agribusiness product bonds called CPRs Financeiras from the Ivinhema sugar and ethanol processing plant in the state of Mato Grosso do Sul.
S&P assigned the CRAs a brAAA rating on the local scale, saying the CPRs Financeiras stand at the same level as Adecoagro's other
South American agribusiness backs a $99m receivables issue with sugar and ethanol sales in Brazil