Moody’s rates AES Tiete debt Ba2/Aa1.br

Moody's America Latina said it assigned ratings of Ba2/Aa1.br (global scale and Brazil's national scale) to AES Tiete Energia SA's planned issuance of R$1.1 billion senior unsecured debentures with final maturity in 2023 (seventh issuance), in line with its other senior unsecured debt rated by Moody's.

The outlook remains negative.

Moody’s said the Ba2/Aa1.br ratings reflect AES Tiete's overall predictable and strong cash generation that leads to adequate credit metrics for the rating category as well as its resilient access to the local banking and capital markets together with management´s prudent administration of the generation business.

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