SAO PAULO–(BUSINESS WIRE)–Fitch Ratings has downgraded Libra Terminal Rio S.A.’s (Libra Rio) Long-Term Issuer Default Rating (IDR) to ‘C’ from ‘CCC’ and National Long-Term Rating to ‘C(bra)’ from ‘CCC(bra)’ following the company’s announcement that it is submitting a formal plan to restructure its existing debts. Fitch has also downgraded the rating assigned to the 1a Emissao de debentures in total amount of BRL270 million due 2019 to ‘C(bra)’ from ‘CCC(bra)’. The downgrade is driven by the i
