Sao Paulo, March 20, 2015 -- Moody's America Latina comments that the PDG Realty S.A. Empreendimentos e Participações' (PDG, B3 negative) plan to raise up to BRL500 million in fresh equity from current shareholders and new investors, is credit positive because it will materially improve PDG's cash balance position to address about BRL2.2 billion in corporate debt coming due from now through mid 2016, in a period of challenging refinancing conditions and weak fundamentals for the Brazilian homebuilding market.
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