April 2, 2021
S&P Global Ratings does not expect to see "massive participation" from foreign bidders in the next round of infrastructure concession auctions in Brazil as companies recover from the economic fallout of the COVID-19 pandemic.
"However, there's sufficient investor appetite for Brazilian infrastructure assets, given the country's still considerable infrastructure shortfall, ample liquidity and Brazil's favorable regulatory framework," S&P said in a report.
Brazil starts the next round of c
But rating agency still sees "sufficient" investor appetite due to financing conditions and the infrastructure gap