| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for Furnas Centrais Eletricas SA > News item |
Fitch rates Furnas Centrais Eletricas BBB-
Fitch Ratings said it assigned local- and foreign-currency issuer default ratings if BBB- and national scale rating of AA(bra) to Furnas Centrais Eletricas SA.
The outlook is stable.
The ratings reflect its linkage with its parent company, Centrais Eletricas Brasileiras (Eletrobras), which is rated BBB- with stable outlook.
In the last 12 months, Furnas' revenues represented 21% of consolidated revenues and 31% of consolidated EBITDA for the Eletrobras group, Fitch said.
As a key company in the group, Furnas is exposed to government interference risks, given its parent company's status as an entity controlled by the Brazilian government, the agency added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.