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Eletrobras Cut to HY

Dec 11, 2012

Fitch has lowered the credit rating of Brazil’s Centrais Eletricas Brasileiras (Eletrobras) to BB from BBB, it says, reflecting the state-owned utility’s decision to accept the early renewal of concessions expiring...

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“The greatest value in the next 12 months will be combination of corporates and local currency bonds”

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