S&P lifts Invepar from default rating

S&P lifts Invepar from default rating

Credit Ratings S&P Global Upgrade Debt Debenture Project & Infrastructure Finance Toll Road Coronavirus Brazil

S&P Global Ratings said it has upgraded Brazil's Invepar to CCC+ from D after the infrastructure company swapped 68.3% of its debt for its stakes in two subway concessionaires. Rio de Janeiro-based Invepar also extended the due date on BRL854 million ($158 million) worth of debentures to August 2024 from October 2021, "mitigating liquidity pressures," S&P said in a report. "However, the group's businesses have shrunk and now principally reflect its operations at Guarulhos airport," S&

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial