Moody’s rates Centrais Eletricas Ba3/A1.br

Moody's Investors Service said it affirmed the Ba3 global scale issuer rating of Celesc Distribuicao SA and changed the outlook to positive.

At the same time, the agency assigned a corporate family rating of Ba3/A1.br to Centrais Eletricas de Santa Catarina SA, Celesc’s parent company.

As part of the action, Moody’s withdrew the issuer rating assigned to Celesc on a stand-alone basis.

The action follows the agency’s assessment of recent developments that, in its view, will support a gradual strengthening of Celesc’s credit profile.

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