Fitch rates Entrevias debt BB/AA(bra)

Fitch Ratings said it assigned long-term ratings of BB and AA(bra) to the second issuance of debentures of Entrevias Concessionaria de Rodovias SA in the amount of R$1 billion due in 2030.

The outlook is stable.

The total amount of the issuance is R$1 billion, in line with the agency’s scenarios. The upfront equity injected was R$31 million higher and the final interest rate of IPCA+7.75% was slightly lower than initially expected.

Fitch said the ratings reflect the operational profile of the concessionaire, with heavy vehicles representing close to 60% of the traffic in both sections.

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