NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn Ceagro Agricola Ltda's (Ceagro) Long-Term Foreign and Local Currency Long-Term Issuer Default Ratings (IDRs) at 'RD', the Long-term National Scale rating at 'RD (bra)'.
Fitch is withdrawing the ratings as Ceagro has chosen to stop participating in the rating process. Therefore, we will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for Ceagro.
RATING SENSITIVITIES
Following the withdrawal of the ratings, rating sensitivities do not apply.
FULL LIST OF RATING ACTIONS
The following ratings have been withdrawn without affirmation:
--Long-term Foreign and local currency IDRs of 'RD';
--Long-Term National scale rating of 'RD (bra)'.
Date of Relevant Rating Committee: June 1, 2015
Additional information is available at www.fitchratings.com
Applicable Criteria
Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage (pub. 17 Aug 2015)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=869362
Additional Disclosures
Dodd-Frank Rating Information Disclosure Form
https://www.fitchratings.com/creditdesk/press_releases/content/ridf_frame.cfm?pr_id=1005337
Solicitation Status
https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1005337
Endorsement Policy
https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31
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