S&P downgrades Invepar

S&P downgrades Invepar

Project & Infrastructure Finance Debt Capital Markets Corporate & Sovereign Strategy Brazil

S&P Global said it has downgraded Brazil's Invepar because the infrastructure company still faces short-term financing risks after several attempts to refinance, "indicating its weak access to both banking and capital markets." "At this point, we don't expect a permanent solution in the next few months to address the company's currently unsustainable capital structure because dividends received by the holding company aren't enough to service its sizable debt," S&P said in a report. Invep

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