CCR Corporate Rating

Agency Rating
Standard & Poor’s brAA-/ Stable
Fitch AA (bra)/ Positive Perspective
Moodys Ba2 / Aa2.br/ Negative Perspective

Indebtedness

(R$ MM) Dec/15 Mar/16 Jun/16 Sep/16 Dec/16 Mar/17 Jun/17 Sep/17 dez/17 mar/18 Jun/18 Sep/18
Gross Debt (with transaction cost)* 15,617.61 16,148.5 16,002.3 16,274.9 17,489.8 16,276.9 15,719.9 15,851.0 17,993.9 18.373,5 17.658,9 18.806,6
% Real-Denominated 81% 84% 83% 83% 85% 85% 85% 86% 90% 93%     95%     94%
% Foreign Currency-Denominated 19% 16% 17% 17% 15% 14.7% 14.9%  14% 10% 7%      5%     6%
Short Term 6,470.14 6,738.4 5,273.3 5,557.9 5,895.5 5,863.4 4,998.8  3,855.5 4,061.6 3.320,7   2.174,5   2.492,6
% Real-Denominated 89% 83% 77% 79% 74% 75% 80% 74% 84% 80%      93%     92%
% Foreign Currency-Denominated 11% 7% 23% 21% 26% 25% 20% 26% 16% 20%      7%     8%
Long Term 9,147.47 9,410.1 10,729.0 10,717.0 11,594.2 10,413.5 10,721.0 11,995.5 13,932.3 15.052,8 15.484,5 16.314,0
% Real-Denominated 75% 77% 86% 85% 90% 91% 88% 90% 91% 96%     95%     94%
% Foreign Currency-Denominated 25% 23% 14% 15% 10% 9% 12% 10% 9% 4%      5%     6%
Cash, Financial Investments 2,724.27 3,017.7 2,091.1 3,080.3 3,084.3 5,584.6 3,599.7 3,887.0 5,007.3 5.312,4 3.500,0 5.021,8
Receivable/Payable Swap Settlements 470.00 160.4 (33.5) (66.9) (37.8) (66.7) 159.1 163.2 284,0 342,2    378,9   383,5
Net Debt 12,423.4 12,970.5 13,944.6 13,261.5 14,443.3 10,759.0 11,961.0  11,800.7 12,702.6 12.718,9 13.780,0 13.401,2

* Pro forma data, considering proportionally all companies of which CCR does not have control or jointly-owned subsidiaries (ex IFRS 10 and 11).

Debt Breakdown – Not Hedged*
(R$ MM) Index Average Cost per year Sep/18 %
BNDES TJLP TJLP + (2.0% –  4.00% p.a.) 4.573,7 24,2%
Local Bond, Credit Deposit and other CDI (106.25% – 121.00%) of CDI, CDI + (0.60% – 2.90% p.a.) 8.529,1 45,1%
Local Bond IPCA IPCA + (4.4963% – 7.34% p.a.) 4.575,5 24,2%
Dolar USD LIBOR 3M + (2.30% – 2.45% p.a.) / LIBOR 6M + 2.00% – 3.75% p.a. / 4.20% – 10.65% p.a. 1.224,7 6,5%
Other Pre Fixed 6.14% – 16.49% p.a. 11,8 0,1%
Total 18.914,8 100.0%
Debt Breakdown – Hedged*
(R$ MM) Index Average Cost per year Sep/18 %
BNDES TJLP TJLP + (2.0% –  4.00% p.a.) 4.573,7 24,2%
Local Bond, Credit Deposit and other CDI (88.75% – 121.00%) of CDI, CDI + (0.60% – 2.90% p.a.) 11.008,0 58,2%
Local Bond IPCA IPCA + (4.4963% – 7.34% p.a.) 2.096,7 11,1%
Dolar USD LIBOR 3M + (2.30% – 2.45% p.a.) / LIBOR 6M + 2.00% – 3.75% p.a. / 4.20% – 10.65% p.a. 1.224,7 6,5%
Other Pre Fixed 6.14% – 16.49% p.a. 11,8 0,1%
Total 18.914,8 100.0%

* Pro forma data, considering proportionally all companies of which CCR does not have control or jointly-owned subsidiaries (ex IFRS 10 and 11).

Debt Amortization Schedule *
Years R$ MM % Total
2018 1.596,1 8%
2019 2.514,1 13%
2020 3.606,8 19%
2021 2.857,0 15%
From 2022 8.340,8 45%
Total 18.914,8 100.0%

* Pro forma data, considering proportionally all companies of which CCR does not have control or jointly-owned subsidiaries (ex IFRS 10 and 11).

Amortization – 2Q18 (R$ MM) 2018 2019
AutoBan 638 698
BH AIRPORT 422 0
Metrô Bahia 294 767
SPVias 14 188
NovaDutra 93 163
CCR S.A. 52 0
CCR Espanha S.L.U. 8 0
Renovias 11 20
RodoAnel Oeste 26 0
ViaOeste 14 190
Aeris Holding 7 0
RodoNorte 12 166
MSVia 2 0
Others 9 323
TOTAL 1.596 2.514

Clique aqui para fazer o download da planilha de endividamento.