Companhia de Saneamento de Minas Gerais -- Moody's affirms COPASA's Ba1/Aa2.br ratings; changes outlook to negative

Sao Paulo, February 13, 2015 -- Moody's America Latina Ltda. ("Moody's") affirmed the Ba1 global scale, local currency as well as the Aa2.br Brazilian national scale ("NSR"), local currency corporate family ratings of Companhia de Saneamento de Minas Gerais S.A.("COPASA"). Moody's also affirmed the Ba1 and Aa2.br global scale, local currency as well as the NSR, local currency ratings, respectively, of COPASA's outstanding BRL250 million senior unsecured, non-convertible debentures issued in 2014 as well as the BRL400 million senior unsecured debentures issued in 2012. In addition, Moody's lowered the Baseline Credit Assessment (BCA) of the company to ba2 from ba1. At the same time, Moody's changed the outlook to negative from stable for all ratings.

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