Successful Strategy
Superior credit capacity
CEMIG
Fitch Ratings AA-(bra)
Investment Grade
AA-(bra) Cemig H, Cemig GT and Cemig D
National Scale
Speculative Grade
AAA AA+ AA
AA- A+
A
A- BBB+
BBB
BBB- BB+ BB BB- B+
B
B- CCC CC
C
RD/D
M
Aa2.br
Ba1
Cemig H, Cemig GT and Cemig D
Cemig H, Cemig GT and Cemig D
National Scale
Global Scale
Investment Grade
Speculative Grade
Aaa
Aa1 Aa2 Aa3 A1 A2
A3 Baal Baa2 Baa3 Ba1 Ba2 Ba3 B1
B2
B3 Caal Caa2 Caa3 Ca
C
STANDARD
& POOR'S
brAA
BB+
Cemig H, Cemig GT and Cemig D
Cemig H, Cemig GT and Cemig D
National Scale
Global Scale
Investment Grade
AAA
AA+ AA
AA-
A+
A
A- BBB+ BBB BBB- BB+ BB BB- B+
B
Speculative Grade
B- CCC+ CCC
CCC- CC
C
D
Solid fundamentals assured by excellent financial management, stable profitability, strong cash
generation and robust corporate governance.
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