Moody’s revises Taesa national debt ratings

Moody’s America Latina said it affirmed the Ba2 global scale ratings of Transmissora Alianca de Energia Eletrica SA (Taesa) and revised its national scale ratings to Aa1.br from Aa2.br and to A1.br from A2.br, respectively for the senior unsecured and subordinated ratings.

The outlook is stable.

Moody’s said the revision and outlook stabilization follows Taesa's successful issuance of R$543 million in debentures that will cover the company's 2017 debt maturities and future investments.

The action reflects the agency’s expectations that the company's credit metrics will remain robust, driven by a very stable and predictable cash flow profile inherent to the transmission sector in Brazil.

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