Elis S.A.: Rating Report

DBRS Ratings GmbH (DBRS Morningstar) confirmed the Issuer Rating and Senior Unsecured Notes rating on Elis S.A. (Elis or the Company) at BBB (low) with Stable trends. The rating confirmations reflect DBRS Morningstar’s view that Elis has largely recovered from the Coronavirus Disease (COVID-19)-related disruptions and exhibits credit metrics that are commensurate with the current ratings.