S&P rates Comgas BBB-

Standard & Poor’s said it assigned a BBB- global scale and brAAA Brazil national scale corporate credit ratings to Companhia de Gas de Sao Paulo-Comgas (Comgas).

The outlook is stable.

The ratings reflect the company’s satisfactory business risk profile, intermediate financial risk profile and adequate liquidity, S&P said.

The ratings also consider its position as Brazil’s largest distributor of piped natural gas, the agency said.

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