January 8, 2019 |
Brazil's Invepar could sell up to BRL2bn ($535m) in three-year debentures in the local market to pay off debt from the Linha Amarela toll road concession.
S&P Global Ratings said it has assigned a brA- rating with a negative outlook to the proposed debt sale, saying the deal will lower Invepar's refinancing risks.
Invepar had BRL1bn in short-term debt payments and BRL390m in cash at the end of September last year, according to S&P.
Invepar won a court decision late last month to charg
Brazilian infrastructure investor could raise up to $535m from the sale of three-year debentures