CIG, US2044096012

Moody's keeps AAA.br rating on CIG stock

Published on 10/05/2026 at 01:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income fell 20.40 percent to BRL 945.40 million from BRL 1.19 billion. CIG stock was last at EUR 1.91 on October 2, 2026.

CIG, US2044096012, Illustration mit AI erstellt.

Cemig (ISIN US2044096012) retained an AAA.br corporate rating affirmed by Moody's Local Brasil on October 2, 2026, while its investment program totals BRL 44.00 billion through 2030. Finance News reported that the outlook was stable, although the agency expects temporary pressure before Cemig D's next tariff review.

Credit supports the investment cycle

The rating matters because Cemig is entering a large capital-spending phase. The company says BRL 29.00 billion of the BRL 44.00 billion program is earmarked for distribution, while its investor-relations calendar shows BRL 6.73 billion planned for 2026. Cemig also identifies its shares as listed in Sao Paulo and New York.

Moody's cited Cemig's diversified electricity business and conservative financial policy, but also pointed to expected leverage growth during the investment cycle. That trade-off gives the rating a clear investor angle: credit quality is stable while capital needs are rising.

Second-quarter profit fell despite growth

In the second quarter of 2026, net operating revenue rose 3.40 percent year over year to BRL 11.16 billion, according to Cemig's Form 6-K. Net income declined 20.40 percent to BRL 945.40 million from BRL 1.19 billion in the second quarter of 2025, while adjusted EBITDA increased 9.30 percent to BRL 2.47 billion. StockTitan published the filing and the period figures.

The contrast is important. Operating earnings improved, but net financial expense reached BRL 795.90 million in the second quarter, up 154.60 percent from BRL 312.60 million a year earlier. Net debt rose 58.30 percent year over year to BRL 19.36 billion, and the net debt to adjusted EBITDA ratio reached 2.58 times.

November brings the next test

Cemig's investor-relations calendar schedules third-quarter 2026 results for November 12, 2026, followed by Cemig Day on November 25, 2026. The next update will therefore test whether revenue growth and adjusted EBITDA can offset financing costs during the investment cycle.

Prior close stays at EUR 1.91

CIG stock's prior close at Lang & Schwarz was EUR 1.91 on October 2, 2026. The company is listed on the New York Stock Exchange under ticker CIG, and the primary-exchange quote was USD 2.15 on October 2, 2026, after hours.