[Brazil] - Hidrovias do Brasil's Credit Ratings Affirmed by Fitch Amid Challenges

INSUBCONTINENT EXCLUSIVE:
built on guaranteed contracts for most of its revenue, helps mitigate demand volatility
However, leverage and exposure to hydrological risks continue to constrain the ratings.Uncertain recovery from these risks looms over the
coming year as challenging water conditions persist in both northern and southern corridors.Fitch emphasized the importance of Hidrovias do
Ratings Affirmed by Fitch Amid Challenges
(Photo Internet reproduction)The move demonstrates proactive financial management in the face of industry challenges
ability to navigate these challenges will likely shape its future credit profile