U.S. Markets open in 1 hr 39 mins

Gaia Securitizadora S.A., 1ª série da 11ª emissão de CRA -- Moody's assigns definitive ratings of Baa3 (sf) / Aaa.br (sf) to the first series of the 11th issuance of Gaia Securitizadora S.A.'s agribusiness certificate, a Brazilian trade receivables securitization

The CRAs are backed by trade receivables originated by BASF S.A. (BASF Brazil, not rated), subsidiary of BASF (SE) (A1 long term rating, global scale, outlook stable), related to the sale of defensives for crop protection to agricultural producers, distributors and cooperatives.