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Centrais Eletricas Matogrossenses S.A. May 10
Standard & Poors, May 2010
High refinancing risk due to the aggressive short-term debt profile and its limited financial flexibility; Risks related to a potential higher leverage and weakening liquidity in light of cash needs coming from other companies within Rede Group, including the parent company; Weak cash-flow protection measures; and An aggressive capital spending program, required by its concession area. Exclusive right to distribute electricity in the State of Mato Grosso, Favorable demand prospects in its concession area, averaging 5.8% growth in the past five years; and A customer profile largely based on residential and commercial segments. The rating on Brazilian electricity distributor Centrais El-tricas Matogrossenses S.A. (Cemat) reflects a 'weak' business risk profile and 'highly-leveraged' financial risk profile. Cemat reports weak operating statistics,...
Companies mentioned in this report are: Centrais Eletricas Matogrossenses S.A.,Centrais Eletricas do Para S.A.,Companhia de Energia Eletrica do Estado do Tocantins
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Centrais Eletricas Matogrossenses S.A.,Centrais Eletricas do Para S.A.,Companhia de Energia Eletrica do Estado do Tocantins