S&P revises Energisa to positive

Standard & Poor's said it revised its outlook on Energisa SA and its subsidiaries, Energisa Paraiba-Distribuidora de Energia SA and Energisa Sergipe-Distribuidora de Energia SA, to positive from negative.

At the same time, the agency affirmed its BB global scale and brAA- national scale corporate credit ratings on the companies.

The ratings on Energisa Paraiba and Energisa Sergipe mirror the ratings on their parent.

S&P said the outlook revision reflects its expectation that Energisa's credit metrics will improve in the next two to three years due to its operating improvement, especially at the electricity distribution assets that Energisa acquired from Rede Energia SA.

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