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CPFL Geracao de Eenrgia S.A. -- Moody's Assigns 'Ba1/Aaa.br' Ratings to CPFL Geracao's proposed issuance of Debentures

Moody's America Latina Ltda., ("Moody's") has assigned 'Ba1' global scale and 'Aaa.br' national scale debt ratings to CPFL Geracao de Energia S.A.'s (CPFL Geracao) proposed 11th issuance of debentures, to be issued in total amount of BRL1.4 billion. The debentures are backed by a corporate guarantee from CPFL Geracao's parent company, CPFL Energia S.A. (CPFL Energia, Ba1/Aaa.br stable). Proceeds of the issuance will be used to refinance the 7th issuance of debentures in outstanding principal amount of BRL635 million, with the remaining amounts to be used to support working capital needs.