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Article: S&P rates Anhanguera at BB-.
- Article from:
- ADP Debt News
- Article date:
- September 18, 2009
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(ADPnews) - Sep 18, 2009 - S&P on Thursday assigned its BB- global scale corporate credit rating to Brazilian private, for-profit professional education company Anhanguera Educacional Participacoes SA.
The agency also affirmed its brA Brazilian national scale corporate credit and debenture ratings on the company.
The outlooks are "stable".
The debentures will come in two tranches aggregating BRL 200 million (USD 111m/EUR 75m). The first tranche will have a bullet maturity in 2012, while the second will have two amortisation periods, one in 2013 and the other in 2014. The company will tap proceeds to reinforce its cash position, extend its debt ...