S&P reaffirms AXIA Energia brAAA credit ratings

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.

Rhea-AI Filing Summary

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.

Insights

Credit and capital structure analyst

S&P reaffirms top-tier ratings and improves governance view.

S&P kept AXIA Energia at national scale brAAA for long-term debt and brA-1+ for short-term, and confirmed brAAA issue ratings for the parent and major subsidiaries. This indicates continued confidence in the company’s credit quality on the Brazilian scale.

The agency also moved its management and governance assessment from negative to neutral, suggesting concerns have eased. Its analysis highlights expectations that 2026 investments will be executed even in a volatile energy price environment, alongside lower financial leverage and stronger cash flow generation.

While headline ratings are unchanged, the improved governance assessment and constructive comments on leverage and cash flow point to a stable credit profile. Future disclosures from AXIA Energia may clarify how 2026 investment execution and leverage trends track against S&P’s expectations.

Key Terms

national scale issuer credit ratings, brAAA, financial leverage, cash flow generation, +1 more

5 terms

national scale issuer credit ratings financial

"reaffirmed AXIA Energia’s national scale issuer credit ratings for long- and short-term"

brAAA financial

"reaffirmed AXIA Energia’s national scale issuer credit ratings for long- and short-term at brAAA/brA-1+"

financial leverage financial

"outlook for reduced financial leverage and strengthened cash flow generation"

Financial leverage is the use of borrowed money to increase the potential return on an investment. It’s similar to using a lever to lift a heavy object—by borrowing funds, an investor can amplify gains if the investment performs well, but it also increases the risk of larger losses if it performs poorly. This concept matters to investors because it can boost profits, but it also raises the level of risk involved.

cash flow generation financial

"outlook for reduced financial leverage and strengthened cash flow generation"

forward-looking statements regulatory

"This document may contain estimates and projections that ... may constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What credit ratings did S&P reaffirm for AXIA Energia (AXIA-P)?

S&P reaffirmed AXIA Energia’s national scale issuer credit ratings at brAAA for long-term and brA-1+ for short-term, and maintained its issue ratings at brAAA. These are high local-scale ratings, signaling strong assessed credit quality in Brazil.

Did S&P change its view of AXIA Energia (AXIA-P) management and governance?

Yes. S&P revised AXIA Energia’s management and governance assessment from negative to neutral. This indicates the agency now sees fewer governance concerns than before, while still keeping the overall credit ratings on the Brazilian national scale unchanged at brAAA.

How does S&P view AXIA Energia’s investment plans for 2026?

S&P’s rating rationale reflects an expectation that AXIA Energia will complete its planned investment level for 2026 even in a volatile energy price environment. This assumes the company can execute its capital program without undermining its affirmed credit ratings.

What does S&P expect for AXIA Energia’s leverage and cash flow?

According to the release, S&P expects reduced financial leverage and strengthened cash flow generation at AXIA Energia. These expectations support the reaffirmed brAAA ratings and suggest the agency anticipates a more resilient balance sheet and operating cash profile.

Where can investors find the full S&P report on AXIA Energia (AXIA-P)?

The company states that the full S&P report is available on AXIA Energia’s investor relations website and on the CVM website. Investors can review those sources for detailed assumptions, forecasts, and risk factors underlying the reaffirmed credit ratings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Accepted by SEC EDGAR 06/15/2026 - 07:52 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of June, 2026

Commission File Number 1-34129

AXIA Energia S.A.

(Exact name of registrant as specified in its charter)

AXIA Energia S.A.

(Translation of Registrant's name into English)

Avenida Graça Aranha, 26
Centro, CEP 20030-900
Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

Rating S&P Rio de Janeiro, June 15, 2026, AXIA Energia S.A. (“Company” or “AXIA Energia”) informs that, on this date, the credit rating agency S&P reaffirmed AXIA Energia’s national scale issuer credit ratings for long- and short-term at brAAA/brA-1+, as well as its issue ratings at brAAA. Additionally, S&P revised the Company’s management and governance assessment from negative to neutral and reaffirmed the brAAA issue ratings of the subsidiaries AXIA Energia Sul S.A., AXIA Energia Norte S.A., and AXIA Energia Nordeste S.A. According to S&P, the rating affirmation reflects the expectation that the Company will complete its planned investment level for 2026, even amid a volatile energy price environment, as well as the outlook for reduced financial leverage and strengthened cash flow generation. The full S&P report is available on the Company’s website (https://ri.axia.com.br/) and on the CVM website (https://www.cvm.gov.br). Eduardo Haiama Vice President of Finance and Investor Relations

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 15, 2026

AXIA Energia S.A.
By:	/S/ Eduardo Haiama
	Eduardo Haiama Vice-President of Finance and Investor Relations

FORWARD-LOOKING STATEMENTS

This document may contain estimates and projections that are not statements of past events but reflect our management’s beliefs and expectations and may constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words “believes”, “may”, “can”, “estimates”, “continues”, “anticipates”, “intends”, “expects”, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables; changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans; existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these estimates or projections due to new information or future events. Future results of the Company’s operations and initiatives may differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations that may not reflect precise results due to rounding.