The following tables present the credit risk classification of the respective counterparty of the financial investment (including cash) and other financial assets held by the Company.
| a) | Credit risk for counterparty with external assessment |
| 12.31.2017 | 12.31.2016 | |||||||
|
Cash and cash equivalents |
1,270.8 | 1,241.5 | ||||||
|
Financial investments |
2,616.9 | 1,943.7 | ||||||
|
Derivative financial instruments |
34.3 | 32.1 | ||||||
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|
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Total |
3,922.0 | 3,217.3 | ||||||
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Based on external appraisal: |
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|
AAA |
52.2 | 46.5 | ||||||
|
AA |
1,406.7 | 1,165.1 | ||||||
|
A |
1,715.2 | 1,478.4 | ||||||
|
BBB |
688.3 | 481.6 | ||||||
|
BB |
0.5 | 10.4 | ||||||
|
N/A |
59.1 | 35.3 | ||||||
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|
|
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|
Total |
3,922.0 | 3,217.3 | ||||||
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N/A – Not available: without observable input for credit assessment. In December 2017, this balance includes an amount related to shares received in negociation with Republic Airways, for which no losses were recognized.
| b) | Credit risk for counterparties without external evaluation |
| 12.31.2017 | 12.31.2016 | |||||||
|
Collateralized accounts receivable |
288.7 | 323.3 | ||||||
|
Trade accounts receivable, net |
717.1 | 665.4 | ||||||
|
Customer and commercial financing |
16.4 | 37.4 | ||||||
|
|
|
|
|
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|
Total |
1,022.2 | 1,026.1 | ||||||
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Based on internal appraisal: |
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|
Group 1 |
5.5 | 2.1 | ||||||
|
Group 2 |
96.7 | 149.5 | ||||||
|
Group 3 |
920.0 | 874.5 | ||||||
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|
|
|
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|
Total |
1,022.2 | 1,026.1 | ||||||
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