FLORIANÓPOLIS, Brazil, Nov. 14, 2022 (GLOBE NEWSWIRE) — Vitru Limited (Nasdaq: VTRU) (“Vitru”) pronounces that its wholly owned subsidiary, Vitru Brasil Empreendimentos, Participações e Comércio S.A (“Vitru Brasil”), a company (sociedade anônima) shaped below the legal guidelines of the Federative Republic of Brazil, has acquired its first native credit rating of “BrAA-”, attributed to the primary issuance of debentures, from S&P Global Ratings. The perspective is secure.
We consider that this credit rating confirms Vitru is on track to proceed its mission to democratize entry to training in Brazil via a digital ecosystem.
About Vitru
Vitru is the main pure distance studying training group within the postsecondary distance studying market in Brazil. Through its invested corporations, Vitru supplies a full pedagogical ecosystem centered on hybrid distance studying expertise for undergraduates and persevering with training college students.
Vitru’s mission is to democratize entry to training in Brazil via a digital ecosystem and empower each pupil to create their very own profitable story.
Forward Looking Statements
This press launch consists of “forward-looking statements” inside the which means of the U.S. federal securities legal guidelines. Statements contained herein that aren’t clearly historic in nature are forward-looking, and the phrases “anticipate,” “believe,” “continues,” “expect,” “estimate,” “intend,” “project” and related expressions and future or conditional verbs corresponding to “will,” “would,” “should,” “could,” “might,” “can,” “may,” or related expressions are typically meant to establish forward-looking statements. These forward-looking statements communicate solely as of the date hereof and are primarily based on Vitru’s present plans, estimates of future occasions, expectations and developments that have an effect on or could have an effect on our business, monetary situation, outcomes of operations, money circulate, liquidity, prospects and the buying and selling worth of Vitru’s frequent shares, and are topic to a number of identified and unknown uncertainties and dangers, lots of that are past Vitru’s management. As a consequence, present plans, anticipated actions and future monetary place and outcomes of operations could differ considerably from these expressed in any forward-looking statements on this press launch. You are cautioned to not unduly depend on such forward-looking statements when evaluating the data offered. Vitru doesn’t undertake any obligation to replace publicly or to revise any forward-looking statements after we distribute this press launch due to new data, future occasions, or different elements.
