Fitch Revises National Scale Ratings for Energisa S.A. and Subsidiaries
SAO PAULO--(BUSINESS WIRE)-- On May 19, 2016, Fitch Ratings revised National Scale Ratings for various Brazilian issuers. The rating actions included revisions of the National Ratings for Energisa S.A. and its subsidiaries as shown below, but the revised ratings were not reflected on Fitch's website. The correct ratings are now displayed at www.fitchratings.com.
Fitch has revised the following ratings:
Energisa S.A.
--National Long-Term rating to 'AA(bra)' from 'AA-(bra)'; Outlook Stable.
Energisa Paraiba - Distribuidora de Energia S/A
--National Long-Term rating to 'AA+(bra)' from 'AA(bra)'; Outlook Stable.
Energisa Sergipe - Distribuidora de Energia S/A
--National Long-Term rating to 'AA+(bra)' from 'AA(bra)'; Outlook Stable.
Energisa Minas Gerais - Distribuidora de Energia S/A.
--National Long-Term rating to 'AA+(bra)' from 'AA(bra)'; Outlook Stable.
For additional information, see 'Fitch Revises Brazilian National Scale; Assigns Various Revision Ratings' (May 19, 2016) at www.fitchratings.com.
Date of Relevant Rating Committee: May 18, 2016
Additional information is available on www.fitchratings.com.
Applicable Criteria
Corporate Rating Methodology - Including Short-Term Ratings and Parent and Subsidiary Linkage - Effective from 17 August 2015 to 27 September 2016 (pub. 17 Aug 2015)
https://www.fitchratings.com/site/re/869362
Additional Disclosures
Solicitation Status
https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=1013620
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https://www.fitchratings.com/regulatory
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Copyright © 2016 by Fitch Ratings, Inc., Fitch Ratings Ltd. and its subsidiaries. 33 Whitehall Street, NY, NY 10004. Telephone: 1-800-753-4824, (212) 908-0500. Fax: (212) 480-4435. Reproduction or retransmission in whole or in part is prohibited except by permission. All rights reserved. In issuing and maintaining its ratings and in making other reports (including forecast information), Fitch relies on factual information it receives from issuers and underwriters and from other sources Fitch believes to be credible. Fitch conducts a reasonable investigation of the factual information relied upon by it in accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such sources are available for a given security or in a given jurisdiction. The manner of Fitch's factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of the rated security and its issuer, the requirements and practices in the jurisdiction in which the rated security is offered and sold and/or the issuer is located, the availability and nature of relevant public information, access to the management of the issuer and its advisers, the availability of pre-existing third-party verifications such as audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other reports provided by third parties, the availability of independent and competent third- party verification sources with respect to the particular security or in the particular jurisdiction of the issuer, and a variety of other factors. Users of Fitch's ratings and reports should understand that neither an enhanced factual investigation nor any third-party verification can ensure that all of the information Fitch relies on in connection with a rating or a report will be accurate and complete. Ultimately, the issuer and its advisers are responsible for the accuracy of the information they provide to Fitch and to the market in offering documents and other reports. In issuing its ratings and its reports, Fitch must rely on the work of experts, including independent auditors with respect to financial statements and attorneys with respect to legal and tax matters. Further, ratings and forecasts of financial and other information are inherently forward-looking and embody assumptions and predictions about future events that by their nature cannot be verified as facts. As a result, despite any verification of current facts, ratings and forecasts can be affected by future events or conditions that were not anticipated at the time a rating or forecast was issued or affirmed.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20161024006097/en/
Fitch Ratings
Primary Analyst
Adriane Silva
Associate
Director
+55-11-4504-2205
Fitch Ratings Brasil Ltda.
Alameda
Santos, 700 - 7th floor
Sao Paulo - SP, Brazil
CEP: 01418-100
or
Secondary
Analyst
Wellington Senter
Associate Director
+55-21-4503-2606
or
Committee
Chairperson
Daniel R. Kastholm, CFA
+1-312-368-2070
Regional
Group Head
Latin America Corporates
or
Media Relations:
Elizabeth
Fogerty, New York, +1 212-908-0526
Email: [email protected]
Source: Fitch Ratings
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