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Prospect News home > News index > List of issuers I > Headlines for Investimentos e Participações em Infra-Estrutura SA > News item |
S&P lowers Invepar
S&P said it lowered its issuer rating on Investimentos e Participacoes em Infraestrutura SA (Invepar) to CCC from CCC+, the national scale issuer rating to brB- from brBB and the ratings on Invepar's third and fifth debentures to brCCC from brB+ and kept the recovery rating at 6.
Invepar still depends on events it does not control, including the reauctioning process of BR-040 SA (Via 040, not rated) and the judicial dispute of Linha Amarela SA to pay the significant maturities of Via 040 due in October and at the holding level in August 2024. “That significantly increases the risks of a liquidity crisis in the upcoming months,” S&P warned in a statement.
The outlook is negative.
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