S&P National Ratings assigned a 'brAAA' Brazil National Scale rating to AXIA Energia S.A.'s proposed 11th issuance of R$ 500 million in senior unsecured debentures. The single-series issuance features amortization in years eight, nine, and ten, with a final maturity in July 2036. Proceeds are earmarked for capital expenditures related to the Santo Antônio Hydroelectric Power Plant. The debentures are indexed to the IPCA for inflation adjustment, with interest payments starting in January 2027. AXIA Energia operates in the energy industry, focusing on hydroelectric power generation and transmission.