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Moody's assigns Ba2 rating to Rumo's proposed sustainability-linked notes

Moody's Investors Service assigned (13-Sep-2021) a Ba2 rating and stable outlook to the proposed USD500 million senior unsecured sustainability notes issued by Rumo Luxembourg S.à r.l. and unconditionally guaranteed by Rumo SA. The proposed issuance is part of a liability management strategy by Rumo to cover debt repayments and "general corporate purposes" including a tender for the company's outstanding USD500 million notes maturing in 2025. The sustainability-linked notes include clauses to hedge against not meeting "certain sustainability performance targets". [more - original PR]

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