OREANDA-NEWS. Moody's América Latina Ltda., ("Moody") today downgraded the corporate family rating assigned to Viver Incorporadora e Construtora S.A. (Viver) and to its first issuance of senior secured debentures to C from Caa3 on the global scale and to C.br from Caa3.br on the Brazilian national scale.

The downgrade follows Viver's filing for judicial recovery under the Brazilian Bankruptcy and Reorganization Law at the Judicial District of Sao Paulo State on September 16, 2016.