08.11.2016 05:47:00
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Concessionaria Rodovias do Tiete S.A. -- Moody's downgrades the ratings of Concessionaria Rodovias do Tiete S.A. to B2/Ba2.br and maintains the negative outlook
Sao Paulo, November 08, 2016 -- Moody's America Latina (Moody's) has downgraded the global and the Brazilian national scale (NSR) issuer rating of Concessionaria Rodovias do Tiete S.A. ("Rodovias do Tiete" or "the company") to B2/Ba2.br from B1/Baa2.br, respectively. At the same time, Moody´s downgraded the global scale rating and the NSR of the company´s senior secured debentures issued in 2013 to B2/Ba2.br from B1/Baa2.br. The outlook remains negative.