Moody's affirms Ultrapar's ratings at Ba1, outlook is negative
New York, February 24, 2017-- Moody's Investors Service affirmed the Ba1 corporate family ratings of Ultrapar Participações S.A and the Ba1 rating assigned to the USD 750 million senior unsecured notes due 2026 issued by Ultrapar International S.A, irrevocably and unconditionally guaranteed by Ultrapar and by Ipiranga Produtos de Petróleo S.A. The outlook for all ratings is negative. USD 750 million Senior Unsecured Notes due 2026: Ba1.
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