S&P affirms Ampla Energia

Standard & Poor's said it affirmed its ratings, including the BB global scale and brAA- national scale corporate credit ratings, on Ampla Energia e Servicos SA. The outlooks remained stable.

"The ratings on Ampla reflect its somewhat weak operations with a high level of electricity losses and past due receivables, and the sizable capital expenditures and dividend distributions that result in a less-than-adequate liquidity position, in our view," said S&P credit analyst Luisa Vilhena in a news release. "Partially offsetting these risks are Ampla's adequate credit metrics, resulting from rising consumption in its concession area and its stable debt."

The stable outlook reflects the expectation that Ampla will report steady financial metrics over the next few years, on strong cash generation and debt stability, S&P said.

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