Press Release Archive - ENGIE Brasil

For the ninth consecutive year, Fitch Ratings affirmed ENGIE Brasil Energia’s Long-Term National Rating at “AAA(bra)”, stable outlook. On the global scale, the risk ratings agency confirmed the “BB” rating, also with a stable outlook and one level above the sovereign rating. A rating is a means to evaluate the credit of companies, banks, and countries.

For ENGIE Brasil Energia’s CEO and Investor Relations Officer, Eduardo Sattamini, the ratings reflect the agency’s expectation that the company will be able to maintain a solid financial profile, even during a period of higher investment levels as seen in recent years in areas like gas – with the acquisition of TAG –, transmission, and renewable energy generation.

According to Fitch, ENGIE Brasil Energia’s ratings reflect its remarkable market position as the largest private-sector electric energy generation company in Brazil, with a sizable and diversified portfolio, operational efficiency, and robust cash flow from the presence of long-term contracts with customers.  The credit profile also benefits from the company’s financial soundness, with low leverage over time and high flexibility dealing with funding needs arising from investments in new projects and acquisitions.