Moody’s Investors Service wrote in a report that the Summer Olympics in Rio de Janeiro will not "do much for the battered Brazilian economy, but a few select companies stand to reap significant benefits," according to Jonathan Levin of BLOOMBERG. The report focused on the "impact of Olympic tourism, specifically the 350,000 spectators the government expects to visit Rio during the Olympics in August and the Paralympics in September." It did not "address the potential effects of the spread of the Zika virus." Moody’s analysts led by Barbara Mattos wrote that more retail activity and tourists spending with foreign currencies "should benefit Cielo SA, Brazil’s largest card-payment processor." Localiza Rent a Car SA, the official car rental company of the Games, and Latam Airlines Group SA, official airline of IOC members, "also stand to gain." Moody's said that more "lasting benefits will accrue to the Rio de Janeiro metropolitan area." Not including sports facilities, the city has gotten about R$25B ($7.1B) "in infrastructure investment -- toll roads, ports, other projects -- as a result of the Olympic preparations" (BLOOMBERG, 5/16).
