Fitch rates NTS debenture AAA(bra)

Fitch Ratings said it assigned AAA(bra) long-term national ratings to Nova Transportadora Do Sudeste SA’s planned R$8 billion unsecured debentures in three tranches with final maturity in 10 years.

NTS' national long-term rating is AAA(bra).

The proceeds will be invested in an exclusive fund, which will acquire R$8.6 billion in notes to be issued by NTS shareholders. The structured transaction provides for the use/retention of the dividend flow to shareholders as the main source of payment for the issuance.

The outlook is stable.

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