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S&P downgrades Brazil companies
Standard & Poor's said it took various rating actions on Brazilian corporations and infrastructure entities following the downgrade of Brazils sovereign ratings.
The agency said it lowered the ratings by one notch on the global-scale foreign-currency rating to BB+ and on the national scale to brAA+ on:
Companhia de Gas de Sao Paulo (Comgas)
Companhia Energetica do Ceara (Coelce)
Elektro Eletricidade e Servicos SA (Elektro)
Eletrobras - Centrais Eletricas Brasileiras SA
Transmissora Alianca de Energia Eletrica SA (Taesa)
Neoenergia SA
Companhia de Eletricidade do Estado da Bahia (Coelba)
Companhia Energetica do Rio Grande do Norte (Cosern)
Companhia Energetica de Pernambuco (Celpe)
Itaipu Binacional
Atlantia Bertin Concessoes SA (AB Concessoes)
Rodovia das Colinas SA
Triangulo do Sol Auto - Estradas SA
Arteris SA
Autopista Planalto Sul SA
CCR SA
Autoban Concessionaria do Sistema Anhanguera Bandeirantes SA
Concessionaria da Rodovia Presidente Dutra SA
Rodonorte Concessionaria de Rodovias Integradas SA
Ecorodovias Concessoes e Servicos SA
Concessionaria Ecovias dos Imigrantes SA
Santos Brasil Participacoes SA
The agency also said it downgraded Eletrobrass and Itaipuss global-scale local-currency ratings to BBB-.
S&P also lowered the global-scale ratings on Petroleo Brasileiro SA (Petrobras) to BB from BBB- and national scale ratings to brAA from brAAA.
The agency also said it downgraded Samarco Mineracao SA global-scale rating to BB+ from BBB- on global scale and to 'brAA+' from 'brAAA' on national scale.
S&P also downgraded the global-scale ratings by one notch on:
AmBev Companhia de Bebidas das Americas (AmBev)
Globo Comunicacao e Participacoes SA
Multiplan Empreendimentos Imobiliarios SA
Ultrapar Participacoes SA
Votorantim Participacoes SA
Votorantim Industrial SA
Votorantim Cimentos SA
Also, the agency said it placed on CreditWatch with negative implications:
Braskem SA
Klabin SA
Odebrecht Engenharia e Construcao SA
Baesa Energetica Barra Grande SA
Duke Energia International Geracao Paranapanema SA
Tractebel Energia SA
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