Sao Paulo, June 02, 2015 -- Moody's América Latina Ltda confirmed the Baa3/Aa1.br issuer ratings of Espírito Santo Centrais Elétricas SA (Escelsa) and changed the outlook to negative. This rating action concludes the rating action initiated on March 6, 2015 when Moody's placed Escelsa's issuer ratings under review for downgrade.

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