Moody's: Energisa debentures Ba2

Moody's Investors Service said it assigned the Ba2 rating on the global scale and Aa3.br on the Brazilian national scale to R$400 million senior unsecured debentures to be issued by Energisa SA in up to two tranches.

In December, Moody's upgraded Energisa's corporate family rating to Aa3.br from A1.br on the national rating scale while maintaining its Ba2 corporate family rating on the global scale.

The outlook is stable.

The proceeds of the issuance will be used to partially finance Energisa's investment program, according to the communication filed at the Comissao de Valores Mobiliarios on March 14.

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