Moody's: EDP Energias notes Ba1

Moody's Investors Service said it assigned a Ba1 local currency rating on the global scale and a Aa2.br rating on the national scale to 18-month R$450 million debentures to be issued by EDP Energias do Brasil SA.

At the same time, Moody's said it affirmed the issuer ratings at Ba1 on the global scale and Aa2.br on the national scale. The outlook is stable for all ratings.

The agency said the ratings reflect the group's strong credit metrics for the rating category, resilient access to the local capital and banking markets, conservative management and the relatively stable cash flows from the distribution business of its operating subsidiaries Bandeirante Energia SA and Espirito Santo Centrais Eletricas SA.

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