S&P gives Eletrans notes A-

S&P said it assigned a preliminary A- issue-level rating to Eletrans SA's dollar-denominated senior secured notes due 2037.

The outlook is stable.

Proceeds will be used to repay existing intercompany loans taken to construct the transmission assets.

The agency said the stable outlook reflects an expectation that Eletrans will generate stable income during the next 24 months, given the availability on the project's transmission lines and taking into account its long-term concessions at fixed prices.

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