Moody's assigned Ba2/Aa1.br ratings to Escelsa's BRL190 million debentures; outlook negative
Sao Paulo, March 06, 2017-- Moody's América Latina Ltda., assigned a Ba2 global scale rating and a Aa1.br national rating to the proposed 5- year BRL190 million senior unsecured debentures to be issued by Espirito Santo Centrais Eletricas S.A.. At the same time, Moody's assigned a Ba2/Aa1. br corporate family rating to Escelsa and withdrew its Ba2/Aa2. br issuer ratings. The outlook for all ratings is negative.
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