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S&P lifts Celpa to CCC+
Standard & Poor's said it raised the ratings on Centrais Eletricas do Para SA (Celpa) to CCC+ from D.
The outlook is stable.
S&P said the rating on Celpa recognizes that the company now has a clearer turnover plan for the next few years, while it remains under judicial reorganization (this means that the company defaulted in its debt and has already restructured it and will be operating under court's supervision for a period of two years) through September 2014.
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