Companhia de Energia Eletrica do Estado do Tocantins Downgraded To 'SD' From 'CC' On Suspended Debt Payment Dec 12
- Language: English
- Published: December 2012
Refinancing risk, given the mounting level of debt coming due in the short term, Risks of cash upstream to support debt at the holding level, and Significant challenges for the company to cope with refinancing risks and still invest to improve service quality and profitability. Favorable demand prospects in its concession area, the State of Tocantins; Exclusive right to distribute electricity in the concession area; and A customer base that largely consists of residential and commercial customers. Standard & Poor's Ratings Services' ratings on Brazilian electric utility Companhia de Energia El-trica do Estado do Tocantins (Celtins) reflect our opinion that recent positive developments for its parent Rede Energia (Rede; not rated) have not offset its still high refinancing risks. Although...
Companies mentioned in this report are: Companhia de Energia Eletrica do Estado do Tocantins,Centrais Eletricas Matogrossenses S.A.,Centrais Eletricas do Para S.A.
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Companhia de Energia Eletrica do Estado do Tocantins,Centrais Eletricas Matogrossenses S.A.,Centrais Eletricas do Para S.A.