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Fitch: Eletrobras' Qualified Financial Statements Will Not Impact Ratings

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SAO PAULO--(BUSINESS WIRE)--Centrais Eletricas Brasileiras S.A.'s (Eletrobras; 'BB'/ Outlook Stable) first quarter qualified financial statements release will not result in downgrade, according to Fitch Ratings. KPMG's decision to qualify the statements reflects the uncertainty regarding the results from an investigation on alleged bribes involving the former CEO of Eletronuclear - an Eletrobras' subsidiary. Fitch believes the potential magnitude of the results, if any, from the corruption inve

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