Ratings On Rede Energia?s Subsidiaries Affirmed; Cemat And Celtins Outlook Revised To Stable From Negative Dec 11
Standard & Poors, December 2011
Abstract
Rede Energia S.A.'s refinancing risks and weak liquidity remain high for 2012 and thereafter but liquidity concerns have somewhat stabilized with long-term debt raised by these companies. We are affirming the ratings on Rede's subsidiaries, and revising the outlook on Cemat and Celtins to stable from negative. We believe Cemat, Celtins, and Celpa will cope with current refinancing risks by rolling over existing debt in the same way as the group successfully did in 2011. SAO PAULO (Standard & Poor's) Dec. 28, 2011-- Standard & Poor's Ratings Services affirmed its 'B-' long-term corporate credit ratings on Companhia de Energia Eletrica do Estado do Tocantins (Celtins) and Centrais Eletricas Matogrossenses S.A. (Cemat) and its 'CCC+' long-term corporate credit rating on Celpa....
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
Action: Affirmed
Action: Outlook: Stable
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.
Centrais Eletricas do Para S.A.,Centrais Eletricas Matogrossenses S.A.,Companhia de Energia Eletrica do Estado do Tocantins
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