July 21, 2020
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
Rio-based power company plans to issue $94 mln in five-year notes to raise money for investments