S&P affirms Duke Paranapanema

Standard & Poor’s said it affirmed its BBB- global scale and brAAA national scale ratings on Duke Energy International Geracao Paranapanema SA (Duke Paranapanema).

The outlook remains stable.

S&P said the rating on Duke Paranapanema mainly reflects its “satisfactory” business risk profile, “modest” financial risk profile and S&P’s expectations that a sovereign default scenario would take a toll on the company.

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