Sao Paulo, January 22, 2013 -- Moody's América Latina (Moody's) assigned the Baa3 rating on the global scale, and Aa1.br on the Brazilian National Scale Rating ("NSR") to CEMIG Distribuição S.A.'s ("CEMIG-D") new issuance of BRL.1.6 billion senior unsecured debentures. The debentures will be guaranteed by Companhia Energética de Minas Gerais -- CEMIG (the holding company). Concurrently, Moody's downgraded the Baseline Credit Assessment (BCA) of CEMIG to ba1 from baa3 due to expected lower cash flows as a result of the upcoming Third Tariff Review and the non-renewal of generation concessions expiring over the next several years. The outlook is negative.

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