Moody's downgrades the 15th series of certificates issued by PDG Companhia Securitizadora
Sao Paulo, February 03, 2017-- Moody's América Latina Ltda. has downgraded to C from Caa3 and to C.br from Caa3.br the ratings of the 15th series of the 1st issuance of real estate certificates issued by PDG Companhia Securitizadora, following the downgrade of the underlying CCB to C/C. br from Caa3/Caa3. br. The real estate certificates are backed by a CCB issued by PDG Realty S.A. This rating action follows Moody's downgrade of PDG's ratings on 3 February 2017..
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