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S&P: MRS Logistica notes brAA+
Standard & Poor's said it assigned a brAA+ national scale rating to MRS Logistica SA's upcoming debentures issuance of up to R$300 million due 2018.
The agency said it expects the company to use the proceeds to improve its debt profile.
The BB+ global-scale and brAA+ national scale corporate credit ratings on MRS reflect expectations that the company will continue benefiting from resilient operating cash flows and strong profitability in the next several years, which results from a favorable tariff model and contract terms with its captive clients, S&P said.
The agency said it expects the company to report strong and stable financial metrics with fairly low debt, even with its sizable expenditure plans for the next few years.
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