S&P gives high marks to MetrôRio debt sale

S&P gives high marks to MetrôRio debt sale

Capital Markets Corporate & Sovereign Strategy Debt Rule 476 Brazil Latin America Debenture

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

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