Moody’s could upgrade Light

Moody's America Latina said it placed the B1/Baa3.br corporate family rating of Light SA, as well as the issuer ratings of its wholly owned subsidiaries Light Servicos de Eletricidade SA (B1/Baa3.br) and Light Energia SA (B1/Baa2.br) under review for upgrade.

Moody’s said the action follows a decision from Brazil´s electricity regulator ANEEL to anticipate Light Servicos’ tariff review by 19 months. ANEEL granted the company a tariff increase of 10.45% and revised the loss rates targets and quality requirements for 2018 through 2022. The tariff revision will help Light Servicos to recover a number of costs incurred as well as investments made by the company that were not incorporated in the previous tariff cycle.

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