Brazil's Sabesp Eyes Lower Borrowing Costs to Finance Expansion -- Market Talk

Dow Jones09-22

1040 ET - A push to expand sewage treatment infrastructure in Brazil entails heavy investment to be financed, in great part, by debt markets. Water-and-sewage utility Sabesp will keep issuing debt to help finance expansion plans, CEO Carlos Piani says. "We are trying to access every market." He says Sabesp's debt load is relatively low. "We still have room to add leverage." Piani expects financing costs to fall in the near future. Brazil's central bank is forecast to start cutting its 15% policy rate next year. The country's government, in turn, faces rising budget deficits. Piani expects fiscal pressures to spur privatization and expansion opportunities. Sabesp ADRs fall 2%. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

September 22, 2025 10:40 ET (14:40 GMT)

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Brazil's central bank is forecast to start cutting its 15% policy rate next year. The country's government, in turn, faces rising budget deficits. Piani expects fiscal pressures to spur privatization and expansion opportunities. Sabesp ADRs fall 2%. 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