Brisa Concessão Rodoviária, S.A.

News

• 16.01.2024
  Creditreform Rating has upgraded the unsolicited corporate issuer rating of Brisa Concessão Rodoviária S.A. from BBB to BBB+. Creditreform Rating has also upgraded the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Brisa Concessão Rodoviária S.A. from BBB to BBB+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. The initial unsolicited short-term rating of Brisa Concessão Rodoviária S.A. was set at L3. For more details regarding the rating, please refer to our update report below.
• 19.01.2023
  Creditreform Rating has affirmed the unsolicited corporate issuer rating of Brisa Concessão Rodoviária S.A at BBB. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Brisa Concessão Rodoviária S.A at BBB. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. For more details regarding the ratings, please refer to our press release below.
• 07.06.2022
  Creditreform Rating has affirmed the unsolicited corporate issuer rating of Brisa Concessão Rodoviária S.A at BBB. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior secured notes issued by Brisa Concessão Rodoviária S.A at BBB. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings changed to stable from negative. For more details regarding the ratings, please refer to our press release below.
• 03.03.2021
  Creditreform Rating (CRA) has confirmed the unsolicited corporate issuer rating of Brisa Concessão Rodoviária, S.A. (BCR) at BBB, and changed the outlook from stable to negative. This change is based on a renewed hard lockdown introduced by the Government of Portugal in 2021, which will have a detrimental effect on the Portuguese economy and on average daily traffic (ADT), thus continuing to impact BCR's operating performance. It is currently very uncertain when a sustained recovery will occur. The further course of the pandemic is uncertain, as a more contagious variant in Europe and delays with vaccination programs postpone a rapid economic recovery.
• 20.04.2020
  Creditreform Rating (CRA) has changed the outlook of the unsolicited corporate issuer rating of Brisa Concessão Rodoviária, S.A. (BCR) from positive to stable, and confirmed the rating at BBB. This change is based on an expected substantial decline in average daily traffic and overall weakening of the economic development in Portugal in 2020 due to border restrictions and a decrease in social and economic activities caused by the COVID-19 pandemic. We anticipate that these effects will lower the revenues and weaken the earnings capacity of BCR, adversely affecting its financial metrics. However, the financial metrics as of 31 December 2019 provide enough headroom to comply with the BBB rating.
• 02.12.2019
  Creditreform Rating (CRA) has changed the outlook of the unsolicited corporate issuer rating of Brisa Concessão Rodoviária, S.A. (BCR) to positive from stable (BBB / positive). This change is based on the significantly improved performance of BCR and of its key financials in 2018 and 2019 (6 months). This development was underpinned by the sustainable growth of Portugal´s GDP, and its overall improved economic situation. On 23 September 2019, CRA raised its unsolicited long-term sovereign rating of the Republic of Portugal to BBB / positive from BBB- with positive outlook. Considering that the domestic situation of Portugal has a significant impact on the Company´s performance, and based on our expectation that the Portuguese economy will continue to post solid economic growth over the next two years, we expect positive development of BCR.
• 26.11.2018
  Creditreform Rating has carried out an unsolicited rating of Brisa Concessão Rodoviária, S.A. The rating has been set to BBB with stable outlook.