• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. Dec 06 Product Image

Summary: Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. Dec 06

  • Published: December 2006
  • Standard & Poors

FEATURED COMPANIES

  • Brasiliana Energia S.A.
  • The AES Corp.
  • MORE

Abstract
On Nov. 6, 2006, Standard & Poor's Ratings Services raised the ratings on Brazilian electric utility Eletropaulo Metropolitana Eletricidade de São Paulo S.A. (Eletropaulo) and its Brazilian real (BrR) 474 million senior unsecured and unsubordinated euro bonds to 'BB-' from 'B+'. On the Brazil national scale, the 'brBBB+' corporate credit rating was raised to 'brA-'. The ratings have been removed from CreditWatch with positive implications, where they had been placed on Sept. 22, 2006, when Eletropaulo obtained an extension on its pension fund obligations and after a full deleveraging occurred at its holding company, Brasiliana Energia S.A. (Brasiliana). The outlook is stable. The rating action reflects Eletropaulo's better debt profile due to the pension fund extension agreement that will reduce...

Companies mentioned in this report are:
- Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A.
- The AES Corp.
- Banco Nacional de Desenvolvimento Economico e Social
- Brasiliana Energia S.A.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A.
- The AES Corp.
- Banco Nacional de Desenvolvimento Economico e Social
- Brasiliana Energia S.A.

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS