Fitch changes Light view

Fitch Ratings said it affirmed the ratings for Light SA and its wholly owned subsidiaries Light Servicos de Eletricidade SA and Light Energia SA, including the companies' foreign currency and local currency long-term issuer default ratings at BB- and national scale ratings at A+(bra).

The outlook was revised to negative from stable.

“The negative outlook reflects Light group's challenging scenario to improve its operational performance and present its consolidated credit metrics in line with the current BB- issuer default ratings,” the agency said in a news release.

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