Brazilian Utility Light Completes Judicial Recovery, Defying 17.5% Success Rate

Light, Rio de Janeiro's electricity distributor, concluded its judicial recovery after a favorable court ruling, joining the 17.5% of Brazilian companies that have successfully restructured since 2013. The data from RGF Consultoria shows 10.7% ended in bankruptcy, while 71.8% remain in process. This marks a rare corporate turnaround in Brazil's distressed debt landscape, potentially signaling improved creditor confidence in the utility sector.