Fitch affirms Sabesp

Fitch Ratings said it has affirmed the following ratings on Companhia de Saneamento Basico do Estado de Sao Paulo: local currency long-term issuer default rating at BB; foreign currency long-term issuer default rating at BB; international long-term rating for the $140 million notes issued at BB; national-scale long-term rating at A+(bra); national-scale long-term rating of the sixth debenture issue in the amount of 600 million reais at A+(bra); and national-scale long-term rating of the ninth debenture issue in the amount of 220 million reais at A+(bra).

The outlook remains positive for the corporate ratings.

The agency said that Sabesp's ratings are supported by its solid financial profile, with high operating margins and robust cash flow from operations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.