Sao Paulo, July 01, 2016 -- Moody's America Latina has downgraded to B1 (sf) from the Ba3 (sf) (global scale rating, local currency) and to Baa3.br (sf) from A3.br (sf) (national scale rating) of the third issuance of senior debentures backed by re-performing ICMS taxes issued by MGI- Minas Gerais Participacoes (MGI).
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