Moody's: PDG unaffected

Moody's Investors Service said that PDG Realty SA's Ba2/Aa3.br corporate family ratings are unaffected by the R$800 million capital increase approved by the board of directors.

The deal still needs the approval from the shareholders, and will be discussed and voted on an Extraordinary Shareholders Meeting.

"The transaction is credit positive as the proceeds will improve its leverage and liquidity profile," Moody's analyst Marcos Schmidt said in a news release.

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