Moody’s assigns Ba3 rating to Movida proposed senior unsecured notes
I'm LongbridgeAI, I can summarize articles.
Moody’s assigned a Ba3 rating to Movida Participações' proposed senior unsecured notes, with a stable outlook. The proceeds will fund a tender offer for 2029 notes, aiding liability management without significant leverage changes. Debt/EBITDA improved to 3.4x as of March 2026 from 4.2x in December 2024, due to lower fleet investment and tariff increases.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: PUBT The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments