Research Update: CESP-Companhia Energetica de Sao Paulo Ratings Lowered To 'BB+' From 'BBB-'; Off Watch, Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: CESP-Companhia Energetica de Sao Paulo Ratings Lowered To 'BB+' From 'BBB-'; Off Watch, Outlook Negative

Research Update: CESP-Companhia Energetica de Sao Paulo Ratings Lowered To 'BB+' From 'BBB-'; Off Watch, Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: CESP-Companhia Energetica de Sao Paulo Ratings Lowered To 'BB+' From 'BBB-'; Off Watch, Outlook Negative
Published Dec 18, 2015
6 pages (1831 words) — Published Dec 18, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Sept. 14, 2015, we placed the power generation company CESP on CreditWatch with negative implications--following the downgrade of Brazil--to test the company's resilience to a hypothetical sovereign default. We're lowering the global scale ratings on the company to 'BB+' from 'BBB-' and cutting the national scale ratings to 'brAA+' from 'brAAA'. At the same time, we are removing all ratings from CreditWatch and assigning a negative outlook, reflecting our expectation that the company would not pass our test of a hypothetical sovereign default scenario. The negative outlook on the company mirrors that on the sovereign and on the State of São Paulo. On Dec. 18, 2015, Standard&Poor's Ratings Services downgraded the global scale ratings on CESP-Companhia Energetica

  
Brief Excerpt:

...On Sept. 14, 2015, we placed the power generation company CESP on CreditWatch with negative implications--following the downgrade of Brazil--to test the company's resilience to a hypothetical sovereign default....

  
Report Type:

Research Update

Ticker
CESP4@BZ
Issuer
CESP-Companhia Energetica de Sao Paulo
Sector
Global Issuers, Structured Finance
Country
Brazil
Region
Latin America
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: CESP-Companhia Energetica de Sao Paulo Ratings Lowered To 'BB+' From 'BBB-'; Off Watch, Outlook Negative" Dec 18, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-CESP-Companhia-Energetica-de-Sao-Paulo-Ratings-Lowered-To-BB-From-BBB-Off-Watch-Outlook-Negative-1554374>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: CESP-Companhia Energetica de Sao Paulo Ratings Lowered To 'BB+' From 'BBB-'; Off Watch, Outlook Negative Dec 18, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-CESP-Companhia-Energetica-de-Sao-Paulo-Ratings-Lowered-To-BB-From-BBB-Off-Watch-Outlook-Negative-1554374>
  
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