Moody's Investors Service revised outlook on Ultrapar to stable and affirmed at "Ba1" (LT- foreign currency) credit rating

March 20, 2017 - CBonds


Moody's Investors Service affirmed the "Ba1" LT- foreign currency credit rating of Ultrapar on March 17, 2017. At the same time the rating agency revised outlook to stable from negative.
Issuer: Ultrapar
Issuer profile:
Ultrapar is one of the largest business groups in Brazil, with leading position in its markets achieved along its more than 70 years of history. The company operates in the fuel distribution business... more
Outstanding issues:
1 issuesUSD750,000,000
1 issuesBRL800,000,000
Issuer rating:
Moody's Investors ServiceBa1/StableLT- foreign currency03/17/2017
Moody's Investors ServiceWithdrawn/LT- local currency02/25/2016
S&P Global RatingsBB+/NegativeForeign Currency LT02/17/2016
S&P Global RatingsBB+/NegativeLocal Currency LT02/17/2016