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2.1

Fitch reaffirms Cemig credit ratings at 'BB' with stable outlook

Fitch Ratings maintained Cemig's foreign and local currency ratings at 'BB' and national rating at 'AAA(bra)', citing strong operational cash flow and asset diversification. Analysts noted that the company's aggressive capital expenditure program is expected to drive negative free cash flows in the near term.

Valor Econômico2 days agoBRCredibility 45%View source

Score Breakdown

Mosaic Score2.1
Confidence0.9
Significance0.1
Source credibility0.5

Intelligence Tags

#credit rating#cemig#fitch#utilities#brazil

Locations

Minas Gerais

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