May 11 - Fitch Ratings has affirmed its ratings for JBS S.A. (JBS), JBS USA, JBS USA Finance and JBS Finance II Ltd., including JBS' Issuer Default Rating (IDR) which was affirmed at 'BB-'. A full list of ratings actions follows at the end of this release. The Rating Outlook is Stable. Fitch considers net debt-to-operating EBITDA in the 3x range to be the normalized leverage ratio for the 'BB-' rating category for a company with volatile and cyclical operating earnings that are typical for t