Fitch affirms Engie Brasil

Fitch Ratings said it affirmed Engie Brasil Energia SA's foreign currency and local currency issuer default ratings at BB and BBB-, respectively, and its national scale rating at AAA(bra).

The outlook is stable.

“Engie Brasil's ratings reflects its prominent market position as the largest private electric energy generation company in Brazil, with a relevant and diversified portfolio, operational efficiency and robust operating cash flow generation benefited by the existence of long-term power purchase agreements with its clients,” the agency said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.