Fitch upgrades Engie Brasil Energia long-term local-currency IDR to BBB

• Fitch upgraded ENGIE Brasil Energia’s long-term local-currency IDR to BBB from BBB-, outlook stable.
• Foreign-currency long-term IDR affirmed at BB+; national long-term rating reaffirmed at AAA(bra).
• Fitch cited a July 2026 capital increase, including a 40% Jirau Energia stake transfer, supported by BRL 2.6 billion cash injection.

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