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Prospect News home > News index > List of issuers A > Headlines for Agencia de Fomento do Estado do Rio de Janeiro SA > News item |
Fitch upgrades AgeRio
Fitch Ratings said it upgraded Agencia de Fomento do Estado do Rio de Janeiro SA’s (AgeRio) long-term foreign and local currency long-term issuer default ratings to CCC from C and long-term national rating to CCC(bra) from C (bra).
“The upgrades reflect that AgeRio’s ratings are no longer compressed by the IDRs of its parent, State of Rio de Janeiro,” said Fitch in a press release.
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