CCR CORPORATE RATING

Agency Rating
Standard & Poor’s brAAA/ Stable
Fitch AA (bra)/ Stable
Moodys Ba2 / Aa1.br/ Stable

 

INDEBTEDNESS

(R$ MM) Jun/17 Sep/17 Dec/17 Mar/18 Jun/18 Sep/18 Dec/18 Mar/19 Jun/19 Sep/19
Gross Debt (with transaction cost)* 15,719.9 15,851.0 17,993.9 18,375.5 17,658.9 18,806.6 17,815.1 18,468.8 18,332.1 18,575.5
% Real-Denominated 85% 86% 90% 93% 95% 94% 92% 89% 89% 89%
% Foreign Currency-Denominated 14.9% 14% 10% 7% 5% 6% 8%  11% 11% 11%
Short Term 4,998.8 3,855.5 4,061.6 3,320.7 2,174.5 2,492.6 3,159.9  2,793.1 3,250.3 3,110.6
% Real-Denominated 80% 74% 84% 80% 93% 92% 95% 98% 97% 93%
% Foreign Currency-Denominated 20% 26% 16% 20% 7% 8% 5%  2% 3% 7%
Long Term 10,721.0 11,995.5 13,932.3 15,052.8 15,484.5 16,314.0 14,655.2 15,675.1 15,081.7 15,464.9
% Real-Denominated 88% 90% 91% 96% 95% 94% 92% 88% 87% 88%
% Foreign Currency-Denominated 12% 10% 9% 4% 5% 6% 8%  12% 13% 12%
Cash, Financial Investments 3,5999.7 3,887.0 5,007.3 5,312.4 3,500.0 5,021.8 3,186.3 4,317.4 3,796.0 4,422.7
Receivable/Payable Swap Settlements 159.1 163.2 284.0 342.2 378.9 383.5 263.6  277.2 258.4 217.8
Net Debt 11,961.0 11,800.8 12,702.6 12,718.9 13,780.0 13,401.2 14,365.2 13,874.2 14,277.7 13,935.0

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

Debt Breakdown – Not Hedged*
(R$ MM) Index Average Cost per year Sep/19 %
BNDES TJLP TJLP + 2.0% –  4.0% a.a. 5,156.2 27.6%
Local Bond, Credit Deposit and other CDI (106.20% – 121.00%) do CDI, CDI + (0.60% – 2.90% a.a.) 7,748.2 41.4%
Local Bond IPCA IPCA + 4.5% – 7.3% a.a. 3,718.8 19.9%
Dolar USD LIBOR 6M + 2.00% – 3.8% a.a. / 4.20% – 12% a.a. 2,069.8 11.1%
Other Pre Fixed 6.14% – 16.49% a.a. 19.0 0.1%
Total 18,771.8 100.0%
Debt Breakdown – Hedged*
(R$ MM) Index Average Cost per year Sep/19 %
BNDES TJLP TJLP + 2.0% –  4.00% a.a. 5,156.2 27.6%
Local Bond, Credit Deposit and other CDI (94,9% – 121,00%) do CDI, CDI + (0,60% – 2,90% a.a.) 8,753.8 46.8%
Local Bond IPCA IPCA + 4,5% – 7,3% a.a. 2,713.1 14.5%
Dolar USD LIBOR 6M + 2,00% – 3,8% a.a. / 4,20% – 12% a.a. 2,069.8 11.1%
Other Pre Fixed 6,14% – 16,49% a.a. 19.0 0.1%
Total 18,711.8 100.0%

* 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
2019 1,180.2 6%
2020 3,857.9 21%
2021 2,992.5 16%
2022 2,300.7 12%
From 2023 8,380.6 45%
Total 18,711.9 100.0%

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

 

Click here  to download the debt spreadsheet.