Light sets up local debt sale

Light sets up local debt sale

Debenture Debt Capital Markets Electricity Brazil

Rio de Janeiro electric utility company Light plans to sell at least BRL500 million ($93.6 million) in five-year debentures in the Brazilian market, raising money for previously announced investments, S&P Global Ratings said in a report on Monday. S&P assigned the notes a brAA+ rating on the local scale, level with Light's long-term credit ratings, and said the debt sale is not expected to have a "material impact" on the power company's credit metrics. In April this year, Light issued BR

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