Fitch raises Numerous Brazilian corporates

Fitch Ratings said it upgraded the international long-term ratings of numerous Brazilian corporates to BB+ from BB following the upgrade of Brazil's sovereign rating to BB from BB-.

The companies are Energisa Sergipe - Distribuidora de Energia S/A, Transmissora Alianca de Energia Eletrica SA, Ache Laboratorios Farmaceuticos SA, BR Malls Participacoes SA, Rede D'Or Finance Sarl, Rumo Luxembourg Sarl and its senior unsecured rating, Energisa Paraiba - Distribuidora de Energia S/A, Transportadora Associada de Gas SA, Companhia de Gas de Sao Paulo – Comgas, Engie Brasil Energia SA, MRS Logistica SA, Alupar Investimento SA, Rumo SA, Energisa Minas Rio - Distribuidora de Energia SA, Energisa SA, Companhia de Saneamento Basico do Estado de Sao Paulo, CESP - Companhia Energetica de Sao Paulo, Localiza Rent a Car SA, Globo Comunicacao e Participacoes SA and Rede D'Or Sao Luiz SA.

The agency also raised Petroleo Brasileiro SA and Petrobras Global Finance BV to BB from BB-.

The outlook is stable.

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