Moody's assigns SPVias notes Ba2

Moody´s Investors Service said it assigned ratings of Ba2/Aa2.br, respectively, in global and Brazil´s national scale, to Concessionaria de Rodovias Integradas do Oeste SA (SPVias)´s new debenture issuance of R$430 million This issuance is the eighth.

The proceeds will be used to pay the maturing portion of the fourth debenture issuance and strengthen cash liquidity, Moody’s said.

The debentures will have a three-year tenor with a customized principal payment starting October 2021 and interest paid semi-annually from October onward.

CCR SA will conditionally back the notes.

The outlook is stable.

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