Rumo improvements keep bond investors on track
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Emerging MarketsEM LatAm

Rumo improvements keep bond investors on track

Rumo, railway, railroad, train, Brazil, Latin America

The CFO of Brazilian railroad operator Rumo told GlobalCapital that improvements in the company’s credit metrics allowed it to successfully issue in dollars on Wednesday, despite the issuer not guaranteeing the bonds with its main operating company as it had for its previous deal.

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