AXIA Energia S.A. reports that S&P has reaffirmed its national scale issuer credit ratings at brAAA for long-term and brA-1+ for short-term, and maintained its issue ratings at brAAA. S&P also revised the Company’s management and governance assessment from negative to neutral and reaffirmed the brAAA issue ratings of key subsidiaries. The agency’s view reflects expectations that AXIA Energia will complete its planned 2026 investments despite volatile energy prices, while reducing financial leverage and strengthening cash flow generation.
Centrais Elétricas Brasileiras S.A. – Eletrobras reported the results of a special meeting of holders of its Class A1 preferred shares. Shareholders representing 62.92% of this class approved converting all PNA1 preferred shares into common shares at a ratio of 1.1 common share for each 1 PNA1 share.
The approval was granted by majority vote and is tied to Article 136, paragraph 1, of the Brazilian Corporation Law. The effectiveness of this conversion still depends on approval of the same matter at an Extraordinary General Meeting and fulfillment of conditions described in the related management documentation.