Language:

  • Fitch upgrades OEC and Moody’s announces a positive evaluation in the financial market

    DATE: 05/30/2018

    Published by: OEC

    Fitch, one of the three largest credit rating agencies in the world,  has upgraded Odebrecht Engineering & Construction from “C” to “CC”, taking into consideration the company’s recent capitalization promoted by its shareholder Odebrecht S.A., and making viable the payment of BRL 500 million in bonds, which matured on April 25.

    In addition, Moody’s, another of the main agencies, announced a positive grade, highlighting that OEC had honored its payments to international creditors and “decreased short-term liquidity pressure”, improving the company’s creditworthiness.

    No comments

    Want to learn more
    about the subject?

    Click here and leave you suggestion
    for the next post

    Related news

    +
    0
    OEC

    The trophies won by Odebrecht Engineering e Construção as a result of the recognition of the work carried out...

    April 24, 2025
    +
    0
    OEC

    With a presence on major construction sites in Brazil and abroad, the company has adopted a digital system that...

    April 16, 2025
    +
    0
    OEC

    Last Thursday (10), the Rio de January state government signed the contract that will make it possible to resume...

    April 15, 2025
    +
    0
    OEC

    Enaex Brasil, one of the world’s leading producers of ammonium nitrate and Brazil’s largest explosives manufacturer, has recognized OEC...

    April 09, 2025