Fitch upgrades three Brazilian issuers

Fitch Ratings said it upgraded the ratings for three Brazilian infrastructure sector issuances following the upgrade of Brazil's sovereign rating and country ceiling revision.

The agency raised Acu Petroleo Luxembourg Sarl's $600 million of senior secured notes due in 2035 to to BB+ from BB, Prumo Participacoes e Investimentos SA's $350 million senior secured notes due in 2031 to BB+ from BB and Entrevias Concessionaria de Rodovias SA’s R$1 billion of second debentures issuance due in 2030 to BB from BB-.

The outlook is stable for all three issuers.

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