Moody’s ups Ecorodovias rating

Moody's Investors Service said it affirmed Ecorodovias Concessoes e Servicos SA corporate family rating at Ba2 on the global scale and upgraded to Aa2.br from Aa3.br its Brazil's national scale rating.

At the same time, Moody's upgraded the ratings of its rated subsidiary Concessionaria das Rodovias Ayrton Senna e Carvalho Pinto SA (Ecopistas).

The outlook is stable.

The agency said the action reflects Moody's expectation that the company’s credit metrics will remain strong with adequate liquidity to support investment requirements and debt service.

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