Moody's confirms Enersul

Moody's Investors Service said it confirmed Enersul's senior unsecured issuer ratings of Ba2 and Aa3.br on the Brazil national-scale.

Also confirmed were the ratings for Enersul's senior unsecured local currency debentures, also at Ba2 and Aa3.br, the agency noted.

The outlook is now stable.

This action concludes the review for possible downgrade that Moody's initiated on Sept. 6, following industry regulator Aneel's decision to reduce the company's Regulatory Asset Base on a retroactive basis.

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