JSL : Fitch Affirms JSL‘s IDRs at ‘BB‘; Outlook Revised to Stable
September 09, 2016 at 07:17 pm EDT
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Mogi das Cruzes, September 9, 2016 - JSL S.A. (BM&FBOVESPA: JSLG3 and ADR Level 1: JSLGY), hereby announces that, on September 9, 2016, Fitch Ratings attributed global and national scale corporate credit ratings of 'BB' and 'AA- (bra)', respectively, to JSL S.A. with the previous negative outlook upgraded to stable.
According to Fitch Ratings, the outlook upgrade reflected the resilience of JSL's businesses, sustained by improved operating cash flow, despite Brazil's recession. The agency believes that the Company's net leverage will remain at around 2.5x over the next two years.
For Fitch, JSL's rating reflects its strong business profile, supported by its leading position in the Brazilian logistics sector, its diversified service portfolio and its resilient operating performance in recent years. JSL has a history of maintaining a liquidity position that is appropriate for its short-term obligations and this is a fundamental factor in its ratings.
Julio Simões Logística SA published this content on 09 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 September 2016 23:17:06 UTC.
Original documenthttp://ri.jsl.com.br/conteudo_en.asp?idioma=1&tipo=30759&conta=44&id=231682
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JSL SA is a Brazil-based company engaged in the logistics sector. The Company provides services through six business lines: Road Cargo Transportation and Dedicated Road Cargo Logistics, involved in the supply chain and management of the information of the logistics chain of the customer; Commodity Logistics, which offers customized solutions for the paper and cellulose, mining and sugar-energy sectors; Internal Logistics, that consist on the internal handling of raw materials, products, inventory management and assembly line supply of the customer; Urban Distribution, which includes supply of points of sale and management of the return of packaging; Warehousing Services, dedicated to the reception, storage and dispatch of goods and inventory management; and Chartering, which provides transportation services for employees of companies that are customers through the other services provided by the Company. The Firm is controlled by Simpar SA.
JSL S.A. 
