S&P boosts Energipe, Cataguazes to positive

Standard & Poor's said it revised the outlook on Empresa Energética de Sergipe (Energipe) and Companhia Força e Luz Cataguazes-Leopoldina (Cataguazes) to positive from stable.

In addition, S&P said it also affirmed the B+ rating on Energipe, Cataguazes and Sociedade Anônima de Eletrificação da Paraíba (Saelpa), as well as the B+ rating on the unsecured $250 million notes jointly issued by Energipe and Saelpa.

The outlook revision reflects the positive effect on Energipe and Cataguazes resulting from Energisa's announcement that it has sold for R$293 million its 11 small-scale hydropower plants totaling 45 MW of installed capacity, plus four projects being developed totaling 188 MW of installed capacity.

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