Moody’s changes AB Concessoes view to negative

Moody’s Investors Service said it changed the outlook for AB Concessoes SA to negative from stable.

“The outlook change reflects the negative pressure in traffic volumes for the next 12-18 months due to the coronavirus (Covid-19) outbreak and its effects in activity as the Brazilian economy goes into recession. There is significant downside risk to our revised forecast if lockdowns are prolonged, which would further limit traffic volumes,” said Moody’s in a press release.

The agency affirmed the Ba3 and national scale A3.br ratings as well as the Ba3 and A3.br ratings of Triangulo do Sol Auto and Rodovias das Colinas SA.

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