The Credit Overhang: How Well Can Latin American Corporates Weather A Hard Landing For Europe?s Economy? Jul 12
- Language: English
- Published: July 2012
- Region: Europe, Latin America
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
NY -- Standard & Poor's CreditWire 2/27/98 -- Standard & Poor's today assigned its double-'B'-plus local currency corporate credit rating and double-'B'-minus foreign currency corporate credit rating to Companhia de Eletricidade do Rio de Janeiro (CERJ). The outlook for both local and foreign ratings is stable. CERJ is one of the two dominant electric distribution companies serving the state of Rio de Janeiro, Brazil. CERJ serves 1.3 million clients in 65 municipalities in the state, but its service territory does not include the city of Rio de Janeiro. A consortium led by Chilectra S.A. (single-'A'-minus foreign currency rating/single-'A'-plus local currency rating) acquired a 70.3% interest for R$605 million from the state government in November 1996. Other members of the consortium...
Companies mentioned in this report are: Ampla Energia e Servicos S.A,Endesa S.A.,Enersis S.A.,Chilectra S.A.
Action: New Rating
Ampla Energia e Servicos S.A,Endesa S.A.,Enersis S.A.,Chilectra S.A.