For the tenth consecutive year, Fitch Ratings has reiterated ENGIE Brasil Energia\u2019s Long Term National Rating at \u2018AAA(bra)\u2019, with a stable outlook. Rating is a mechanism\u00a0 for evaluating the credit worthiness of companies, banks, and countries.<\/p>\n

On a global scale, the risk rating agency affirmed the Long-Term IDRs (Issuer Default Ratings) in foreign currency at \u2018BB\u2019 and local currency at \u2018BBB-\u2018 (BBB minus), both with a negative outlook due to the limit imposed by sovereign rating, notwithstanding, the company still being one notch higher than Brazil country rating. Fitch has also reaffirmed the \u2018AAA (bra)\u2019 rating with stable outlook, assigned to the Company\u2019s unsecured sixth, seventh and nineth debenture issues.<\/p>\n

For ENGIE Brasil Energia\u2019s Chief Executive and Investor Relations Officer, Eduardo Sattamini, the classifications obtained reflect the agency\u2019s outlook that the Company will have the capacity to maintain a solid financial profile, even during the crisis arising from the Covid-19 pandemic and a period of higher investment such as has been the case over the past few years in the areas of gas \u2013 with the acquisition of TAG \u2013, and with new projects in the area of transmission and generation of renewable energy.<\/p>\n

As disclosed in an announcement by Fitch, ENGIE Brasil Energia\u2019s ratings reflect the Company\u2019s important market position as the largest private sector electric energy generator in Brazil with a substantial and diversified portfolio, operational efficiency, and strong cash flow thanks to long-term power purchasing agreements with its clients. The Company\u2019s credit profile also benefits from a financially conservative profile with historically low leverage and strong financial flexibility to meet the financing requirements arising from investments in new projects and acquisitions.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the risk rating agency, the Company\u2019s ratings reflect its standout position in the market as a company with a significant and diversified portfolio, operational efficiency and robust cash flow generation<\/p>\n","protected":false},"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-41156","imprensa","type-imprensa","status-publish","format-standard","hentry","tipo-release-renewables"],"acf":[],"yoast_head":"\n