Fitch rates Entrevias debentures BB

Fitch Ratings said it assigned an expected long-term rating of BB to the proposed second issuance of debentures by Entrevias Concessionaria de Rodovias SA in the amount of R$1.0 billion and maturing in 2030.

The outlook is stable.

The ratings reflect the operational profile of the concessionaire with heavy vehicles representing close to 60% of the traffic in both sections, Fitch said.

The north section of the toll road has a proven traffic base and should represent two thirds of total traffic, the agency said.

This stretch presents a relatively moderate volatility, Fitch noted.

The south section is crucial for region's agricultural production flow, the agency said.

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