Elis S.A.: Rating Report

On 16 March 2021, DBRS Ratings GmbH (DBRS Morningstar) confirmed its BBB (low) Issuer Rating of Elis S.A. (Elis). The trend remains Stable. The rating confirmation reflects DBRS Morningstar’s view that Elis' ability to withstand the unprecedented Coronavirus Disease (COVID19) disruptions and the relative stability of the business support the current rating, despite deterioration in credit metrics.