Moody’s affirms Tegma’s B2 global ratings and upgrades the national scale ratings to Ba1.br from Ba2.br; outlook changed to stable from negative

Tegma Gestão Logística SA (TGMA3), one of the largest logistics companies in Brazil and leader in the logistics segment of zero-kilometer vehicles, presents the corporate rating review issued by Moody’s, which reflects the efforts to adjust costs and expenses and the liquidity priority over the last two difficult years.

Moody’s America Latina affirmed Tegma Gestao Logistica S.A.’s B2 global scale ratings and upgraded the Brazilian national scale ratings to Ba1.br from Ba2.br. At the same time, Moody’s changed the outlook for the ratings to stable from negative.

Ratings affirmed:
Issuer: Tegma Gestao Logistica S.A.
– Corporate Family Ratings: B2 (global scale)
– BRL 200 million senior unsecured debentures due in 2018 and 2019: B2 (global scale)

Ratings upgraded:
– Corporate Family Ratings: to Ba1.br from Ba2.br (national scale);
– BRL 200 million senior unsecured debentures due in 2018 and 2019: to Ba1.br from Ba2.br (national scale)

Outlook: changed to stable from negative

To acess the credit opinion, Click here.