January 13, 2021
S&P Global Ratings said it assigned a brAA rating to a planned BRL1.2 billion ($225 million) debentures sale by Rio de Janeiro subway operator MetrôRio in expectation of a gradual recovery in passenger numbers in 2021.
MetrôRio, a subsidiary of the local infrastructure investor Invepar, will use the proceeds of from the sale of the new 2031 notes to refinance its debt and to make investments, S&P said in a report on Monday.
A MetrôRio spokesperson told LatinFinance in an email that the c
Rating agency sees a gradual recovery in passenger traffic this year for the Rio de Janeiro subway operator