The Brazilian Defense Sector - Market Opportunity and Entry Strategy, Analyses and Forecasts to 2015
- Published: June 2010
- Region: Brazil
High refinancing risk due to the company's aggressive short-term debt profile and limited financial flexibility; Risks related to a potential higher leverage and weakening liquidity due to parent company's needs; Sizable capital expenditures to maintain its concession area, resulting in negative free operating cash flow generation; and Very weak operating efficiency. Favorable demand prospects in its concession area, averaging 4.6% growth in the past five years; Exclusive right to distribute electricity in the State of Para; and A customer profile largely based on residential and commercial segments. The rating on Brazilian electricity distributor Centrais Eletricas do Para S.A. (Celpa) reflects Standard & Poor's Rating Service's opinion about its 'weak' business profile and 'highly-leveraged' financial profile. Celpa's operating efficiency metrics are...
Companies mentioned in this report are: Centrais Eletricas do Para S.A.,Centrais Eletricas Matogrossenses S.A.,Companhia de Energia Eletrica do Estado do Tocantins
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Research Type: Full Analysis
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Centrais Eletricas do Para S.A.,Centrais Eletricas Matogrossenses S.A.,Companhia de Energia Eletrica do Estado do Tocantins