Sao Paulo, May 15, 2015 -- Moody's America Latina Ltda (Moody's) assigned a Ba1 rating on the global scale and a Aa2.br rating on the Brazilian national scale to senior unsecured amortizing BRL 300 million debentures to be issued by Companhia de Saneamento do Paraná (Sanepar) in up to three tranches with maturities up to 5 years. At the same time, Moody's affirmed the a Ba1 issuer rating on the global scale and Aa2.br issuer rating on the Brazilian national scale to Sanepar. In addition, Moody's affirmed a Ba1 rating on the global scale and a Aa2.br rating on the Brazilian national scale to senior unsecured amortizing BRL 300 million debentures issued by Sanepar in October 2013. The outlook remains stable.

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