Moody’s rates Essencis CFR, debt B3/B1.br

Moody's America Latina said it assigned a B3 global scale and B1.br national scale corporate family rating to Essencis Solucoes Ambientais SA.

At the same time, the agency assigned a B3/B1.br rating for Essencis' senior secured debentures issued in 2011 and due 2023.

The outlook is stable.

Moody’s said the ratings reflect the company's position as a major environmental services and waste management company in Brazil, operating sanitary landfills that are strategically located close to large metropolitan areas. The ratings also incorporate Essencis' above-average operating margins when compared with global peers, and its adequate credit metrics.

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