Randon S A Implementos e Participações : Notice to the Market - Corporate Rating S&P
October 10, 2023 at 05:01 pm EDT
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RANDON S.A. IMPLEMENTOS E PARTICIPAÇÕES
Listed Company
Notice to the Market
Randoncorp (Randon S.A. Implementos e Participações) | [B3: RAPT3, RAPT4], informs its shareholders and the market in general that, on this date, the credit rating agency Standard & Poor's Global Ratings ("S&P") maintained the Company's corporate rating on the Brazilian National Scale, at brAA+, with an outlook improvement, from stable to positive.
According to the S&P report, the positive outlook is due to the increased scale and resilience of the business model. The Company should continue to present solid cash flows, with increased revenues amid the recovery in the truck segment and greater exposure to the aftermarket and international markets, with good profitability and reduced leverage over the next two years.
Click hereto access the report (available only in Portuguese).
Caxias do Sul (RS), October 10, 2023.
Paulo Prignolato
Investor Relations Officer
1
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Randon SA Implementos e Participações published this content on 10 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2023 21:00:10 UTC.
Randon SA Implementos e Participacoes, formerly Randon Participacoes SA, is a Brazil-based company primarily engaged in the manufacture of heavy vehicles and parts. The Company's activities are divided into three business segments: Railway wagons and vehicles, which focuses on the production and distribution of various wagon types, such as hopper, gondola, platform, tank, sider and telescopic, as well as off-road trucks, truck bodies, trailers and semi-trailers; Automotive parts, which is responsible for the manufacture and marketing of automobile components for suspension, brake and transmission system, among others, and Services, which provides services related to the administration of consortium groups for the purchase of durable goods, as well as financing services for the Company's customers. It operates a distribution network in Latin America and Africa. The Company is a subsidiary of Dramd Partiicipacoes e Administracao Ltda.