Fitch upgraded Brava Energia to BB with a stable outlook after Ecopetrol completed its US$1.2 billion acquisition of a controlling 51% stake.
Brazil · MARKETS
Key Facts
—Brava Energia Fitch raised the long-term ratings to BB from BB-, outlook stable, off positive watch
—National scale the rating went to AA+(bra) from AA-(bra), Fitch said
—The trigger Ecopetrol completed its US$1.2 billion acquisition of 51% of Brava on 17 and 18 August
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