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S&P affirms Petropower
Standard & Poor's said it affirmed the BBB senior secured debt rating of Petropower Energia Ltda. and removed it from CreditWatch with negative implications, where it was placed in March.
The outlook is stable.
The affirmation reflects a belief that all the project agreements and protections in place should provide adequate protection to bondholders until the facilities restore full operations, S&P said.
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