Moody's confirms Light Energia at Ba2

Moody's Investors Service said it confirmed the issuer ratings of Light Energia SA at Ba2 on the global scale and Aa3.br on Brazil's national scale.

At the same time, Moody's confirmed the local currency ratings of the senior unsecured debentures due in 2016 at, respectively, Ba2 and Aa3.br on the global and national scales. The outlook for all ratings is negative.

In a related action on Nov. 25, Moody's confirmed the issuer rating of Light SA (Light), the parent company and guarantor of Light Energia's rated debt securities, to Ba2 on the global scale and to Aa3.br on the national scale.

The rating confirmation follows the completion of a number of amendments to financial covenants contained in the indentures of the outstanding debentures issued by Light Energia, Moody’s said in a news release.

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