OREANDA-NEWS. Fitch Ratings has affirmed and withdrawn the ratings for Globoaves Sao Paulo Agroavicola Ltda (Globoaves). The Rating Outlook for the corporate ratings was Stable at the time of the withdrawal.

Fitch has chosen to withdraw Globoaves' ratings for commercial reasons.

RATING SENSITIVITIES
Fitch will no longer provide rating or analytical coverage of this issuer.

FULL LIST OF RATING ACTIONS

Fitch has affirmed and withdrawn the following ratings:

Globoaves Sao Paulo Agroavicola Ltda.
--Local Currency and Foreign Currency Issuer Default Ratings 'B-';
--National Long-Term Local Currency rating 'BB+(bra)'.