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Moody’s: AES Tiete notes Baa3
Moody’s Investors Service said it assigned a Baa3 rating on the global scale and a Aa1.br rating on Brazil’s national scale to the senior unsecured amortizing R$450 million debentures to be issued by AES Tiete SA in up to three tranches with maturities of up to five years.
The agency said it understood that the issuance could increase by up to R$157 million subject to the book-building process.
As of Nov. 13, the total amount to be issued by AES Tiete decreased to R$440 million in up to three tranches with maturities of up to five years, Moody’s said.
The agency said it understands that the issuance could increase by up to R$154 million.
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