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Moody's ups Vianorte, debentures
Moody's America Latina said it upgraded Vianorte SA's issuer rating and the rating on its R$206 million senior secured debentures to Ba1 from Ba2 on the global scale and Aa2.br from Aa3.br rating on the Brazilian national scale.
The outlook is stable.
Vianorte's continued improving operating performance as well as the new controlling shareholders' less aggressive investment strategy with respect to existing and new infrastructure assets in Brazil prompted the upgrade, Moody's said. Vianorte also compares favorably within its peer group of operating toll road concessions in Brazil.
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