...SAO PAULO (S&P Global Ratings) Feb. 12, 2019--S&P Global Ratings assigned today its national scale 'brAA+' rating to Rumo S.A.'s (Rumo; global scale: ##-/Stable/B; national scale: brAA+/Stable/brA-1+) R$500 million unsecured debentures due 2029. At the same time, we raised our issue-level rating on Rumo Luxembourg S.a.r.l.'s 2025 senior unsecured notes to '##-' from 'B+' following the revision of the recovery rating on this debt to '4' from '5'. We also affirmed our '##-' rating on Rumo Luxembourg's 2024 senior unsecured notes. The recovery rating of '3' on this debt remains unchanged. We believe Rumo has been successfully implementing its investment plan in recent years, which expanded the company's transportation capacity through the acquisition of more than 130 new locomotives and 2,500 wagons, along with infrastructure improvements. Rumo should continue adding capacity while improving its operating efficiency, which will translate into continued EBITDA growth in 2019, as we mentioned...
