Moody's assigns B1/Baa1.br rating to CEMIG GT's BRL 2.24 billion debentures due in 2021; outlook negative
Sao Paulo, December 28, 2016-- Moody's America Latina Ltda. has assigned a B1 global scale rating and a Baa1.br national scale rating to the BRL2.24 billion senior secured debentures due in 2021, to be issued by Cemig Geracao e Transmissao S.A.. Proceeds from the issuance will be used to repay existing debt outstanding. Cemig GT's B1/Baa1. br corporate family ratings are unaffected.
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