Moody's Investors Service revised outlook on Localiza to stable and affirmed at "Ba2" (LT- foreign currency) credit rating

March 20, 2017 - CBonds

 

Moody's Investors Service affirmed the "Ba2" LT- foreign currency credit rating of Localiza on March 17, 2017. At the same time the rating agency revised outlook to stable from negative.
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Issuer: Localiza
Issuer profile:
Localiza (Localiza Rent a Car S.A.) is a Brazilian company which is involved in the car and fleet rental service. It is divides into three sectors: Car rental, Fleet rental and Franchising (administr... more
Outstanding issues:
5 issuesBRL2,000,000,000
Issuer rating:
Moody's Investors ServiceBa2/StableLT- foreign currency03/17/2017
Fitch RatingsBB+/NegativeLT Int. Scale (foreign curr.)11/23/2016
Fitch RatingsBBB/StableLT Int. Scale (local curr.)11/23/2016