Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
MARKET ANNOCEMENT |
We hereby inform our shareholders and the market in general that on February 25, 2016, Moody's credit rating agency downgraded the Company´s corporate credit rating to "Ba3" with negative outlook.
The BRL 1,750 million in senior unsecured global bonds maturing in 2021 downgraded to Ba3 with negative outlook.
The downgrade, according to Moody's, reflects the rating of the main shareholder, the Federative Republic of Brazil, which had its rating downgraded on February 24.
The report from Moody's related to this market announcement is available on the Eletrobras Investor Relation website http://www.eletrobras.com.br/elb/ri.
Rio de Janeiro, February 26, 2016
Armando Casado de Araujo
CFO and Investor Relation Officer
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS | ||
By: |
/S/ Armando Casado de Araujo
|
|
Armando Casado de Araujo
Chief Financial and Investor Relation Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.