Rating

S&P

On September 10, 2015, Standard & Poor’s – S&P downgraded the corporate credit ratings assigned to the Company and its subsidiaries COELBA, CELPE and COSERN to ‘BB+’ on the Global Scale and ‘brAA+’ on the National Scale with a negative perspective for both. On the same date, S&P reassessed the corporate credit rating of Elektro Redes from ‘brAAA’ to ‘brAA+’. This movement was a reflection of the downgrade of Brazil’s sovereign rating, due to the condition of regulated sector in which the electric power concessionaires are inserted. Itapebi and Termopernambuco were also downgraded in their Issue Ratings from brAA+ to brAA.

 

On February 17, 2016, the rating agency S&P again downgraded Brazil’s sovereign rating. Due to the condition of the abovementioned regulated sector, the corporate credit ratings of Neoenergia, Coelba, Celpe and Cosern were downgraded from ‘brAA+’ to ‘brAA-‘ on the Brazilian National scale with a negative outlook. On that date, Itapebi, Termopernambuco and NC Energia were also downgraded in their Issue Ratings from ‘brAA’ to ‘brA+’ and Elektro Redes from ‘brAA+’ to ‘brAA-‘. On July 21, 2016, S&P reaffirmed Elektro Redes corporate credit rating assigned to the company in the previous review.
On March 27, 2017, S&P reiterated the corporate credit ratings established in the previous review assigned to the Company and its subsidiaries.
On May 23, 2017, S&P also reaffirmed Elektro Redes’ corporate credit rating as ‘brAA-‘. It is important to note that, even after the downgrading, the Company remains among the best companies on the scale of the electric sector Rating.

 

On January 12, 2018, Standard & Poor’s – S&P downgraded the corporate credit ratings assigned to Neoenergia and its subsidiaries to ‘BB-‘ on the Global Scale and ‘brAA-`/Stable Outlook on the Brazilian National Scale. This movement was a reflection of the downgrade of Brazil’s sovereign rating, due to the condition of the regulated sector in which Neoenergia is inserted.

 

On January 24, 2018, Standard & Poor’s – S&P reaffirmed the long-term corporate credit ratings ‘BB-‘ on the global scale and the long-term and short-term ratings ‘brAA-/brA-1+’ on the National Scale Brazil assigned to Neoenergia and its subsidiaries on January 12, 2018.

 

On July 11, 2018, Standard & Poor’s – S&P raised the ratings according to new credit methodology at the national and regional scales. As a result of this change, Neoenergia’s rating increased from brAA- to brAAA, which represents the highest overall capacity of a Company to meet its financial obligations.

 

The corporate ratings outlook remains stable.

 

On January 24, 2019, Standard & Poor’s – S & P reaffirmed the corporate credit ratings of Neoenergia and its subsidiaries, Coelba, Celpe, Cosern and Elektro Redes in ‘BB-‘ in the Global Scale and ‘brAAA` in the National Scale Brazil, with a stable outlook, reflecting Brazil’s sovereign rating, which limits those of Neoenergia. On the same date, S & P reaffirmed Coelba, Celpe, Cosern and Elektro Redes’ s’ brAAA ‘ratings and’ brAA + ‘from Neoenergia, Calango 6, NC Energia and Termopernambuco.

 

Fitch

As regards the ratings published by the agency Fitch, on July 26, 2017, the AA+ credit note, with negative observation, was assigned to the corporate rating of Elektro Redes. On September 4, the Agency removed the negative comment and downgraded to AA- with a stable outlook, and on December 14 of the same year it reaffirmed that credit note.

 

As to Calango 6, on January 18, 2016, Fitch assigned the A+ rating, with a stable outlook. On June 16, the agency placed our credit rating in positive observation and on January 5, 2018, Fitch upgraded it to AA-, with a stable outlook.

 

As regards Lagoa 1, on July 11, 2017, Fitch assigned the A+ rating. On October 2, the agency raised the rating to AA-, and on January 4, 2018, it reaffirmed the rating, with a stable outlook.

Rating

2019
2019/01/24

*Available only in Portuguese

2018
07/11/2018

*Available in Portuguese only.

2017
03/27/2017

*Available in Portuguese only.