CHICAGO--(BUSINESS WIRE)--Fitch Ratings downgrades and removes from Rating Watch Negative the senior secured notes issued by SBM Baleia Azul S.a.r.l. to 'BB+' from 'BBB-'. The Rating Outlook is Negative. The notes are backed by the flows related to the charter agreement signed with Petroleo Brasileiro S.A. (Petrobras) for the use of the floating production storage and offloading unit (FPSO) Cidade de Anchieta for a term of 18 years. SBM do Brasil Ltda. (SBM Brasil), the Brazilian subsidiary of