Moody's rates Light currency Ba1

Moody America Latina said it assigned a Ba1 local currency corporate family rating and Aa2.br corporate family rating on the Brazilian national-scale to Light SA.

At the same time, Moody's said it assigned a Ba1 local currency rating and Aa2.br rating on the Brazilian national-scale to the 2-year 300 million reais senior unsecured debentures to be issued in the local market by Light Serviços de Eletricidade SA.

The agency noted that the ratings reflect Light's strong consolidated credit metrics for the rating category, the relatively stable cash flow derived from the regulated distribution business of Light SESA and the long-term supply contracts of the generation segment represented by Light Energia.

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