CCR CORPORATE RATING

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

 

INDEBTEDNESS

(R$ MM) Jun/17 Sep/17 Dec/17 Mar/18 Jun/18 Sep/18 Dec/18 Mar/19 Jun/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
% Real-Denominated 85% 86% 90% 93% 95% 94% 92% 89% 89%
% Foreign Currency-Denominated 14.9% 14% 10% 7% 5% 6% 8%  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
% Real-Denominated 80% 74% 84% 80% 93% 92% 95% 98% 97%
% Foreign Currency-Denominated 20% 26% 16% 20% 7% 8% 5%  2% 3%
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 16,335.8
% Real-Denominated 88% 90% 91% 96% 95% 94% 92% 88% 87%
% Foreign Currency-Denominated 12% 10% 9% 4% 5% 6% 8%  12% 13%
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
Receivable/Payable Swap Settlements 159.1 163.2 284.0 342.2 378.9 383.5 263.6  277.2 258.4
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

* 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 Jun/19 %
BNDES TJLP TJLP + 2.0% –  4.0% a.a. 5,123.6 27.7%
Local Bond, Credit Deposit and other CDI (106.20% – 121.00%) do CDI, CDI + (0.60% – 2.90% a.a.) 7,417.7 40.2%
Local Bond IPCA IPCA + 4.5% – 7.3% a.a. 3,895.1 21.1%
Dolar USD LIBOR 6M + 2.00% – 3.8% a.a. / 4.20% – 12% a.a. 2,013.9 10.9%
Other Pre Fixed 6.14% – 16.49% a.a. 16.9 0.1%
Total 18,467.2 100.0%
Debt Breakdown – Hedged*
(R$ MM) Index Average Cost per year Jun/19 %
BNDES TJLP TJLP + 2.0% –  4.00% a.a. 5,123.6 27.7%
Local Bond, Credit Deposit and other CDI (94,9% – 121,00%) do CDI, CDI + (0,60% – 2,90% a.a.) 8,604.3 46.6%
Local Bond IPCA IPCA + 4,5% – 7,3% a.a. 2,708.5 14.7%
Dolar USD LIBOR 6M + 2,00% – 3,8% a.a. / 4,20% – 12% a.a. 2,013.9 10.9%
Other Pre Fixed 6,14% – 16,49% a.a. 16.9 0.1%
Total 18,467.2 100.0%

* Dados proforma, considerando de maneira proporcional todas as empresas em que a CCR não possui controle ou controladas em conjunto. (ex-IFRS 10 e 11).

Debt Amortization Schedule *
Years R$ MM % Total
2019 1,628.5 9%
2020 4,052.6 22%
2021 2,564.2 14%
2022 2,066.6 11%
From 2023 8,155.2 45%
Total 18,467.2 100,0%

* 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.