Sao Paulo, December 21, 2012 -- Moody's Investors Service (Moody's) revised the outlook of Companhia Energética de São Paulo's ("CESP") ratings to positive from stable, based on the upgrade of the State of São Paulo's rating to Baa2 from Baa3 and revised outlook to positive from stable. At the same time, Moody's affirmed CESP's Corporate Family Rating (CFR) at Ba1, the Baseline Credit Assessment (BCA) at ba2, and the ratings of the Company's senior unsecured debt at Ba1.
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