Viveo receives credit rating upgrade from Moody’s Local

Moody’s Local has upgraded the credit rating of Viveo (VVEO3) from ‘CCC+. br’ to ‘BB-. br’ and revised its outlook from negative to positive. This decision follows the successful completion of a financial restructuring process that addressed short-term liquidity pressures.

The restructuring involved a “stressed debt exchange,” allowing the company to extend debt maturities to periods between July 2029 and January 2034 without providing additional compensation to creditors. Furthermore, the company’s parent, DNA Capital, has committed to a minimum capital injection of R$ 427 million.

While Moody’s noted improvements in operational profitability during the second quarter, the agency cautioned that Viveo still faces negative net profitability and pressured credit metrics.