Fitch: Risk Renegotiation Positive for Power Sector in Brazil

NEW YORK–(BUSINESS WIRE)–The Brazilian electricity sector’s renegotiation of the hydrology risk-sharing scheme is positive for the sector, says Fitch Ratings. The agreement will reduce the pressure on most thermoelectric generating companies’ working capital. It will also reduce future cash flow volatility for the companies that accepted the proposal as it limits their exposures to hydrological risk. When hydroelectric production declines, as it did during last year’s severe drought, hydro-ge
Source: BusinessWire-Primary

Fitch: Risk Renegotiation Positive for Power Sector in Brazil