Moody’s: OAS SA outlook to negative

Moody's Investors Service said it affirmed the B1 ratings assigned to OAS SA and its guaranteed debt issuances at OAS Investments GmbH and OAS Finance Ltd.

The outlooks for all ratings were to negative from stable.

Moody’s said the outlook change was prompted by its perception of increased operating risk for OAS on the back of corruption allegations that involve its main executives. Although investigations are still ongoing and no conclusions have been reached, the agency believes that these events could negatively affect the execution of OAS growth strategy in the near-term.

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