Investimentos e Participacoes em Infraestrutura S.A. - Invepar Placed On Watch Negative On Rising Refinancing Risk - S&P Global Ratings’ Credit Research

Investimentos e Participacoes em Infraestrutura S.A. - Invepar Placed On Watch Negative On Rising Refinancing Risk

Investimentos e Participacoes em Infraestrutura S.A. - Invepar Placed On Watch Negative On Rising Refinancing Risk - S&P Global Ratings’ Credit Research
Investimentos e Participacoes em Infraestrutura S.A. - Invepar Placed On Watch Negative On Rising Refinancing Risk
Published Aug 28, 2018
3 pages (1323 words) — Published Aug 28, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

Brazil-based infrastructure operator Invepar has around R$1.1 billion in debentures maturing on Dec. 11, 2018, at the holding level. Given that we believe that the refinancing risk has increased now, we're placing our 'BB-' global and 'brAA+' national scale ratings on CreditWatch with negative implications. This indicates our concern about Invepar's ability to extend its maturities and a 50% probability of multiple-notch downgrade if the company is unable to refinance the debentures by early November. SAO PAULO (S&P Global Ratings) Aug. 28, 2018--S&P Global Ratings placed its 'BB-' global scale and 'brAA+' national scale ratings on Investimentos e Participacoes em Infraestrutura S.A. – Invepar on CreditWatch negative. At the same time, we placed on CreditWatch negative our 'brAA+' issuer credit

  
Brief Excerpt:

...+ Brazil-based infrastructure operator Invepar has around R$1.1 billion in debentures maturing on Dec. 11, 2018, at the holding level. + Given that we believe that the refinancing risk has increased now, we're placing our '##-' global and 'brAA+' national scale ratings on CreditWatch with negative implications. + This indicates our concern about Invepar's ability to extend its maturities and a 50% probability of multiple-notch downgrade if the company is unable to refinance the debentures by early November. SAO PAULO (S&P Global Ratings) Aug. 28, 2018--S&P Global Ratings placed its '##-' global scale and 'brAA+' national scale ratings on Investimentos e Participacoes em Infraestrutura S.A. ¡ Invepar on CreditWatch negative. At the same time, we placed on CreditWatch negative our 'brAA+' issuer credit and issue-level ratings on Invepar's toll road, Concessionaria Auto Raposo Tavares S.A. (CART). We also kept our recovery rating on CART's debt unchanged at '4'. The CreditWatch negative placement...

  
Report Type:

Ratings Action

Issuer
Investimentos e Participacoes em Infraestrutura S.A. - Invepar
GICS
Highways & Railtracks (20305020)
Sector
Global Issuers
Country
Brazil
Region
Latin America
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Investimentos e Participacoes em Infraestrutura S.A. - Invepar Placed On Watch Negative On Rising Refinancing Risk" Aug 28, 2018. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Investimentos-e-Participacoes-em-Infraestrutura-S-A-Invepar-Placed-On-Watch-Negative-On-Rising-Refinancing-Risk-2092061>
  
APA:
S&P Global Ratings’ Credit Research. (). Investimentos e Participacoes em Infraestrutura S.A. - Invepar Placed On Watch Negative On Rising Refinancing Risk Aug 28, 2018. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Investimentos-e-Participacoes-em-Infraestrutura-S-A-Invepar-Placed-On-Watch-Negative-On-Rising-Refinancing-Risk-2092061>
  
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