Fitch assigns Simpar BB-

Fitch Ratings said it assigned first time long-term foreign- and local-currency issuer default ratings of BB- to Simpar SA and national long-term rating of AA-(bra).

“Simpar is the new holding company for JSL SA and its subsidiaries. Simpar’s ratings reflect its strong business profile, supported by a leading position in the Brazilian logistics industry and diversified service portfolio, as well as its track record of resilient operating performance throughout various economic cycles,” Fitch said in a press release.

The outlook is stable.

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