Moody's downgrades PDG's ratings to C
Sao Paulo, February 03, 2017-- Moody's America Latina has today downgraded the corporate family ratings assigned to PDG Realty S.A. Empreendimentos e Participações to C from Caa3 on the global scale and to C.br from Caa3.br on the Brazilian national scale. At the same time, Moody's downgraded the ratings of the company's BRL250 million senior secured bank credit notes due in 2020 to C/C. br from Caa3/Caa3. br, and the rating of the company's BRL140 million senior unsecured...
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