Moody’s pulls Celesc ratings

Moody's Investors said it withdrew all the ratings assigned to Centrais Eletricas de Santa Catarina SA (Celesc) and Celesc Distribuicao SA (Celesc D). At the time of withdrawal, there was no instrument rating outstanding.

Celesc D redeemed its R$300 million of senior unsecured debentures backed by Celesc, Moody’s said.

The outlook was stable before the withdrawal.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.