The publication explores key themes affecting issuer credit profiles for the sector in
--Key theme: if rainfall is not sufficient to bring reservoir levels back to historical averages by the end of the year, the possibility of rationing, continued elevated energy prices in the spot market and the strong use of thermal power generation could create financial pressures in the sector.
--What to Watch: cash generation under pressure, uncertainties for distributors and disappointing capacity expansion.
--The ratings impact of the above.
A complete review of these topics including a review of the dashboard is available at www.fitchratings.com or by clicking the link above.
Additional information is available at 'www.fitchratings.com'.
Fitch Ratings Brasil Ltda.
Praca XV de Novembro, 20 - Sala 401 B - Centro
Source: Fitch Ratings
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