Equipav Saneamento, Equipav’s investment vehicle that holds 70.72% of Aegea’s common shares, has achieved a brAA+ rating in its first credit evaluation by S&P Global Ratings. Aegea is a reference company in the Brazilian private basic sanitation sector.
In its report, S&P Global Ratings pointed to the predictability of cash flows from Aegea’s operations as a key driver behind the stable outlook. The report also highlighted Equipav Saneamento’s strategic move to improve liquidity through its 6th debenture issuance in March 2024, which extended debt maturity and lowered financing costs.
“This rating reflects the Group’s continuous efforts towards organizational strengthening, operational excellence, and financial sustainability. We are committed to enhancing governance and transparency to attract investors and strategic partners,” said Danilo Garcez, CFO of Equipav.
In addition to the overall rating, S&P assigned a brAA rating to Equipav Saneamento’s 6th debenture issuance.
Click here to read the full report published by S&P Global Ratings: https://disclosure.spglobal.com/ratings/pt/regulatory/article/-/view/sourceId/101603379
