According to Standard and Poor‘s, the rating reflects the Company‘s position as one of the largest providers of logistics services in Brazil, with diversification in light vehicle rentals and fleet management. The Company‘s operating efficiency also exemplifies JSL‘s ability to appropriately price its contracts and sell used vehicles through its integrated vehicle sales structure, including new and used vehicle dealerships.
They expect that these efficiency gains and competitive advantages will continue to support the view that JSL will maintain the expansion of its businesses in the coming quarters, albeit at a more conservative pace than the historical average due to Brazil‘s current economic crisis.
The negative outlook reflects Brazil‘s weak economy, still characterized by high interest rates and sluggish industrial activity.
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