S&P rates OAS debt brA-2

Standard & Poor's said it affirmed its BB- global scale and brA- national scale ratings on OAS SA.

At the same time, the agency assigned its brA-2 national scale short-term issue level rating to the company's proposed 12-month debentures for R$150 million.

The outlook remains stable.

S&P said the ratings on OAS continue to reflect its "fair" business risk profile and "aggressive" financial risk profile. The ratings also reflect the company's large debt due to aggressive growth strategy of previous years and some execution risks associated with the ramp-up of its main investments, the agency said.

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