Fitch affirms Taesa

Fitch Ratings said it affirmed Transmissora Alianca de Energia Eletrica SA's (Taesa) foreign currency and local currency issuer default ratings at BB and BBB-, respectively.

The agency also affirmed the long-term national scale rating of AAA(bra) for Taesa and its senior unsecured debenture issuances.

The outlook is stable.

“Taesa's ratings reflect its low business risk relative to its strong and diversified portfolio of power transmission assets, with predictable and robust cash flow generation and high operating margins,” Fitch said in a news release.

“In addition, none of the 35 concessions that it participates expire before 2030, which gives sustainability to its operations.”

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