Moody's could cut PDG Realty

Moody's America Latina said it placed PDG Realty SA Empreendimentos e Participacoes' Ba2 global scale ratings and Aa3.br national scale ratings under review for downgrade.

Moody's said the ratings review was triggered by a significant deterioration in the company's credit metrics due to weaker than expected profitability and Moody's expectation that an improvement in leverage will only be gradual.

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