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Brazil's Cedae uses more default provisions than its peers

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Friday, August 18, 2017

Rio de Janeiro state water utility Cedae had to use significantly more of its provisions, because of client defaults, than other state water companies in Brazil. The company had to cover payment defaults by clients worth 488mn reais (US$153mn) in the first half, representing 20% of its revenues i...

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This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes insight and forecasts for business opportunities in Mexico. The business development service focuses on major projects, active companies, such as and business and sales contacts, providing networking opportunities with leading executives throughout Latin America.