- Language: English
- Published: May 2013
- Region: Brazil
Construtora Norberto Odebrecht Rating Raised To 'BB+' From 'BB'; Outlook Stable; Parent Upgraded To 'brAA+' From 'brAA-' Jun 11
- Published: June 2011
- Standard & Poors
CNO and its holding company, ODB, are improving business diversification and will benefit from favorable prospects for the E&C industry in Brazil. We are raising our global scale rating on CNO to 'BB+' from 'BB' and national scale rating to 'brAA+' from 'brAA-'. At the same time, we are raising our Brazil national scale rating on ODB to 'brAA+' from 'brAA-'. The stable outlook reflects our expectation that CNO and ODB will deleverage as other business ventures of the group mature and require less financial support. SAO PAULO (Standard & Poor's) June 20, 2011--Standard & Poor's Rating Services said today that it raised its global scale ratings on leading Brazilian engineering and construction (E&C) company Construtora Norberto Odebrecht S.A. (CNO)...
Companies mentioned in this report are: Construtora Norberto Odebrecht S.A.,Odebrecht Finance Ltd.,Odebrecht S.A.
Action: Outlook: Stable
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Construtora Norberto Odebrecht S.A.,Odebrecht Finance Ltd.,Odebrecht S.A.