Day: July 27, 2020

Soybean exports in Paraná grow nearly 60%

Paraná has never exported as much soy as in the last harvest, the increase was almost 60%. From January-June 2020 the state exported 9.2 million tons of the grain, according to the port administration. According to analysts, in need of animal feed, the Chinese increased the demand for Brazilian grain.

S&P Global downgrades Goal rating to CCC+

The S&P rating agency downgraded Gol’s rating on the global scale from B- to CCC+, citing the company’s increased risk of failing to pay off a $300 million debt due in August. The agency also put the company’s rating on ‘under development,’ depending on the company’s ability to complete debt refinancing.