Fitch affirms America Latina Logistica currency

Fitch Ratings said it affirmed the foreign and local currency issuer default ratings of America Latina Logistica SA at BB-.

At the same time, Fitch said it has upgraded America Latina and its subsidiaries' national-scale ratings to A(bra) from A-(bra).

The outlook is stable.

According to the agency, the credit ratings of America Latina continue to reflect its strong business profile and competitive position as the sole railroad transportation operator in the South and Mid-Western regions of Brazil, which are areas with high growth potential due to strong global demand for grain.

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