Home Credit Ratings and Research S&P Global Ratings’ Credit Research Rumo S.A.

Bulletin: Rumo S.A.'s New Railway In The State Of Mato Grosso Will Support Growth And Have Limited Impact On Leverage

Published Sep 20, 2021

2 pages (1133 words) — Published Sep 20, 2021

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Abstract:

SAO PAULO (S&P Global Ratings) Sept. 20, 2021--S&P Global Ratings said today that Rumo S.A.'s (BB-/Stable/B) signing of a contract to construct and operate a new railroad in the state of Mato Grosso will support the company's long-term growth strategy. The new railroad will connect Cuiabá (the state capital) and Lucas do Rio Verde to the Rondonópolis road-rail terminal. The railroad will also connect with Rumo's Malha Paulista line that runs to ports on the coast. The contract is valid for 45 years, with potential renewal for additional 45 years. Rumo expects to obtain regulatory approval and environmental permits by the end of next year and start building the railroad likely in 2023. The expected capex for the project is between

Report Type:

Bulletin

Ticker

RUMZF

Issuer

Rumo S.A.

GICS

Air Freight & Logistics (20301010)

Sector

Global Issuers

Country

Brazil

Region

Latin America

Format:

PDF

Rumo S.A. – 2021/11/12 – US$ 500.00

Bulletin: Rumo S.A.'s Sale Of 80% Stake In EPSA Will Reduce Leverage And Bolster Liquidity – 2022/07/18 – Free

Rumo S.A. Outlook Revised To Positive, Mirroring Action On Parent Cosan; 'BB-' Rating Affirmed – 2023/08/18 – US$ 150.00

Research Update: Rumo S.A. Outlook Revised To Positive, Mirroring Action On Parent Cosan; 'BB-' Rating Affirmed – 2023/08/18 – US$ 225.00

Tear Sheet: Rumo S.A. – 2024/02/26 – US$ 500.00

Research Update: Rumo's Stand-Alone Credit Profile Raised To 'bb' And National Scale Rating To 'brAAA' On Lower Leverage After Follow-On – 2020/08/26 – US$ 225.00

Bulletin: Rumo S.A.'s Renewal Of Concession For Paulista Network Will Help Maintain Growth Strategy – 2020/05/28 – Free

Rumo S.A. – 2019/10/04 – US$ 500.00

Bulletin: Rumo S.A.'s Winning Bid For The Norte-Sul Freight Line Concession Will Contribute To The Company's Expansion – 2019/03/29 – Free

Rumo S.A.'s Proposed Debentures Rated 'brAA+', Rating On Rumo Luxembourg's Notes Due 2025 Raised To 'BB-' From 'B+' – 2019/02/12 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Rumo S.A.'s New Railway In The State Of Mato Grosso Will Support Growth And Have Limited Impact On Leverage" Sep 20, 2021. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Rumo-S-A-s-New-Railway-In-The-State-Of-Mato-Grosso-Will-Support-Growth-And-Have-Limited-Impact-On-Leverage-2723908>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Rumo S.A.'s New Railway In The State Of Mato Grosso Will Support Growth And Have Limited Impact On Leverage Sep 20, 2021. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Rumo-S-A-s-New-Railway-In-The-State-Of-Mato-Grosso-Will-Support-Growth-And-Have-Limited-Impact-On-Leverage-2723908>

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