EBR & EBR.B; LATIBEX: XELT.O & XELT.B) hereby informs its shareholders and the market in general that, on July 22, 2020, the rating agency Standard & Poor's reaffirmed all Eletrobras' ratings as well as its outlooks.
The affirmation of the ratings reflects the agency expectation that the company have enough financial flexibility to cope with the detrimental effects of the COVID-19 pandemic without jeopardizing their credit quality.
With the reaffirmation, the Company's ratings observed by Standard & Poor's are listed below:
Foreign Currency Rating
BB-/Stable
SACP*
bb-
National Scale Rating
brAAA/Stable
*SACP only available for ratings in the global scale
The rating agency's full report is available on the Company's website (www.eletrobras.com/ir).
Rio de Janeiro, July 22, 2020.
Elvira Cavalcanti Presta
CFO and Investor Relations Officer
Internet:www.eletrobras.com/elb/ri
E-mail:ombudsman-ri@eletrobras.com
Address: Rua da Quitanda, 196 9th floor. 20090-070, Centro. Rio de Janeiro - RJ Phone Number: (21) 2514-6333 / 4627
EBR & EBR.B
LISTED
ELET3 &
NYSE
This document may contain estimates and forecasts that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute future events' forecasts and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words "believe", "may", "estimate", "continue", "anticipate", "intend", "expect" and related words are intended to identify estimates that necessarily involve risks and uncertainties, known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of use of electricity by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric plants, our financing and capital investment plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM and SEC. Estimates and forecasts refer only to the date they were expressed and we assume no obligation to update any of these estimates or forecasts due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect accurate results due to rounding.
Eletrobrás - Centrais Elétricas Brasileiras SA published this content on 22 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2020 23:25:01 UTC
Centrais Eletricas Brasileiras (Eletrobras) specializes in the production, transportation, and sale of electrical energy. Net sales (including intragroup) break down by activity as follows:
- production of electricity (50.5%);
- transmission of electricity (25.4%): at the end of 2017, owned a network of 63,833 km of transmission lines;
- distribution of electricity (24.1%).
Power is distributed through a network of intermediaries and distributors.
CENTRAIS ELETRICAS BRASILEIRAS S.A. 
