Moody's rates BR Distribuidora

Moody's rates BR Distribuidora

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Moody's said it has assigned first-time ratings to Brazil's BR Distribuidora, giving the fuel distribution business a Ba1 on the global scale and a Aaa.br on the local scale. The ratings mainly reflect BR Distribuidora's position as the largest service station operator in Brazil and its "adequate credit metrics," Moody's said in a report. The ratings also take into account improvements in governance standards since the company was privatized in July 2019, along with the prospects for higher prof

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