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Article: S&P Rates AES Sul BrR250M Debentures 'brA'.
- Article from:
- PR Newswire
- Article date:
- February 5, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Feb. 5 /PRNewswire/ --
Standard & Poor's today assigned its 'brA' rating to AES Sul Distribuidora Gaucha de Energia S.A.'s BrR250 million debentures. The outlook is stable.
AES Sul is an electric distribution company serving 3.3 million customers in the state of Rio Grande do Sul, which is one of the most prosperous and fastest growing regions in Brazil. AES Sul's rating reflects the challenges of operating in Brazil, including an evolving regulatory scheme and the potential for economic and financial volatility. These risks are offset by a 30-year monopoly to distribute electricity within its concession area, a robust and diversified ...