S&P: MRS Logistica up to positive

Standard & Poor's said it affirmed its BB- local and foreign currency corporate credit ratings on MRS Logística SA.

The outlook on the local currency rating was revised to positive from stable. The outlook on the foreign currency rating remains stable.

S&P said the outlook change reveals MRS' enhanced cash flow protection measures, an improved debt profile and expectations that MRS will continue increasing its transported volumes, adding new cargos in future years and keeping firm control over its costs with the objective of improving operating profitability.

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