Fitch upgrades Energisa‘s ratings and highlights favorable scenario for the company

Risk rating agency Fitch has upgraded Energisa‘s ratings to ‘A+(bra)’, from A(bra)’, and those of its subsidiaries to ‘AA-(bra)’, from ‘A+(bra), which reflects the company‘s ability to revert the negative impact of the acquisition of Grupo Rede in April 2014 on its consolidated credit profile.

In its report Fitch highlights Energisa‘s "stronger than expected credit profile". The agency considers the sale of its operational and under construction generation assets this year for R$ 2.8 billion as positive, since it reduces pressure on the group‘s liquidity and leverage ratios on a more restricted credit scenario.

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