Fitch affirms Sendas Distribuidora (ASAI) ‘AAA (bra)’ rating and lifts outlook
Rhea-AI Filing Summary
Sendas Distribuidora S.A. reported that Fitch Ratings reaffirmed its National Long-Term Ratings at ‘AAA (bra)’ for multiple unsecured debenture issuances and its first issuance of commercial notes. Fitch also revised the rating outlook from negative to stable. The agency cited the company’s strong position in the self-service retail segment, large scale and reach, adequate profitability, and solid financial flexibility as key supporting factors.
Positive
- Fitch reaffirmed National Long-Term Ratings at ‘AAA (bra)’ and revised the outlook from negative to stable, signaling a stronger assessed credit profile for Sendas Distribuidora’s local debentures and commercial notes.
Negative
- None.
Insights
Fitch kept Sendas at ‘AAA (bra)’ and improved its outlook to stable.
Fitch Ratings reaffirmed Sendas Distribuidora’s National Long-Term Ratings at ‘AAA (bra)’ for several unsecured debenture issuances and its first commercial notes. This is the highest level on the Brazilian national scale, indicating very strong credit quality for these instruments.
The outlook change from negative to stable suggests Fitch now sees lower risk of a downgrade than before, based on factors such as strong positioning in self-service retail, large scale and broad reach, adequate profitability, and solid financial flexibility. These elements support the company’s ability to service its debt.
For investors in the company’s local debentures and commercial notes, the combination of an ‘AAA (bra)’ rating and a stable outlook indicates that, in Fitch’s current view, the credit profile is robust under present economic and industry conditions.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or
15d-16 of the Securities Exchange Act of 1934
For the month of August 2025
Commission File Number: 001-39928
_____________________
Sendas Distribuidora S.A.
(Exact Name as Specified in its Charter)
Sendas Distributor S.A.
(Translation of registrant’s name into English)
Avenida Ayrton Senna, No. 6,000, Lote 2, Pal 48959, Anexo A
Jacarepaguá
22775-005 Rio de Janeiro, RJ, Brazil
(Address of principal executive offices)
(Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F: ý
Form 40-F: o
SENDAS DISTRIBUIDORA S.A.
Publicly held Company with Authorized Capital
Tax ID (“CNPJ/MF”) No. 06.057.223/0001-71
NIRE 33.300.272.909
NOTICE TO THE MARKET
Sendas Distribuidora S.A. (“Company”) announces that the credit rating agency Fitch Ratings has reaffirmed the Company’s National Long-Term Ratings at ‘AAA (bra)’, of its second, fourth, eighth, ninth, tenth, eleventh, twelfth and thirteenth issuances of unsecured debentures (debêntures quirografárias), as well as its first issuance of commercial notes, with the outlook revised from negative to stable. According to the report, the Company’s rating “reflects its strong positioning in the self-service retail segment, its large scale and broad reach, adequate profitability, and solid financial flexibility”.
The Company’s Investor Relations Department remains available to provide shareholders with any further explanation that may be required in connection with the object of this Notice to Market by the e-mail ri.assai@assai.com.br.
São Paulo, August 27, 2025.
Belmiro de Figueiredo Gomes
Chief Executive Officer and Investor Relations Officer
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 28, 2025
Sendas Distribuidora S.A.
By: /s/ Vitor Fagá de Almeida
Name: Vitor Fagá de Almeida
Title: Vice President of Finance and Investor Relations
By: /s/ Gabrielle Helú
Name: Gabrielle Helú
Title: Investor Relations Officer
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
FAQ
What credit rating did Fitch affirm for Sendas Distribuidora (ASAI)?
How did Fitch change the outlook on Sendas Distribuidora’s rating?
Which Sendas Distribuidora securities are covered by the ‘AAA (bra)’ rating mentioned?
What reasons did Fitch give for Sendas Distribuidora’s ‘AAA (bra)’ rating?
Does this rating action affect Sendas Distribuidora’s overall financial outlook?
How can investors contact Sendas Distribuidora’s Investor Relations about this rating?
