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2 clusters · 4 sources · 7 days · First seen · Last updated

International corporate credit rating updates

Overview

Credit rating agencies have issued various updates for several international companies across the transportation, construction, and banking sectors.

In Brazil, Fitch Ratings reaffirmed Localiza’s long-term credit ratings at ‘BB+’ for foreign and local currencies and ‘AAA(bra)’ for national ratings, citing the company’s scale and leadership in the vehicle rental sector. Additionally, S&P Global Ratings upgraded Latam Airlines Group from ‘BB’ to ‘BB+’ due to strong operational performance and cash generation.

In Europe, Fitch Ratings confirmed the long-term issuer rating for the Spanish construction firm OHLA at B- with a stable outlook, noting its significant international presence. Meanwhile, DBRS Morningstar upgraded the outlook for Portugal’s Banco Santander Totta to positive while confirming its long-term rating at ‘A’, supported by its parent company, Banco Santander.

Entities

Fitch Ratings · Banco Santander Totta · S&P Global Ratings · DBRS Morningstar · Localiza

Timeline

  1. [BUSINESS] 2 sources
    Fitch and DBRS issue updated credit ratings for OHLA and Santander Totta

    Fitch Ratings confirmed OHLA’s B- rating with a stable outlook, while DBRS Morningstar upgraded Banco Santander Totta’s outlook to positive, maintaining its ‘A’ rating.

  2. [BUSINESS] 2 sources
    Localiza and Latam Airlines receive positive credit rating updates

    Fitch reaffirmed Localiza’s credit ratings with a stable outlook, while S&P upgraded Latam Airlines Group to ‘BB+’ following strong operational performance and expansion in Brazil.

Sources

brasil247.com · cronicadecantabria.com · jornaleconomico.sapo.pt · mobile.valor.com.br