S&P affirms Anhanguera Educacional Participacoes

Standard & Poor's said it affirmed the global scale BB corporate credit rating and national scale brAA- corporate credit and debt ratings on Anhanguera Educacional Participacoes SA.

The agency also said it removed the ratings from CreditWatch with negative implications, where they were placed in September 2011.

The outlook is stable.

The affirmations reflect a belief that the worsening of credit metrics following the acquisition of education company Grupo Uniban is temporary and that Anhanguera will rapidly improve them through expected higher cash flows thanks to the integration of the operations, S&P said.

The integration of the business will lead the company to rapidly achieve credit metrics more consistent with the ones prior to the Grupo Uniban deal, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.