MARKET ANNOUNCEMENT CENTRAIS ELETRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26 PUBLIC COMPANY

Centrais Elétricas Brasileiras S/A ("Company" or "Eletrobras") hereby informs its Shareholders and the market in general that on, October 23, 2017, the rating agency Fitch Ratings ("Fitch") revised the Company's outlook from stable to negative and confirmed the 'BB-' IDRs. The Agency even affirmed the Long-Term National Scale Rating on 'AA- (bra)' and revised the outlook from Stable to Negative.

The reassessment of the risk rating was justified by Fitch due to the possibility that the Company could not count on a greater support from the Brazilian federal government due to the intention announced by the federal government to privatize the Company. Nevertheless, Fitch considered that the privatization could be positive for the Company, but given the uncertainties that, according to Fitch, are still involved in this process, this scenario could not be considered.

Rio de Janeiro, November 24, 2017.

Armando Casado de Araujo

CFO and Investor Relations Officer LISTED EBR & EBR.B

LISTED

NYSE

Eletrobrás - Centrais Elétricas Brasileiras SA published this content on 24 November 2017 and is solely responsible for the information contained herein.
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Original documenthttp://eletrobras.com/en/ri/ComunidadoseFatos/Market Announcement - 11.24.2017 - Fitch Ratings.pdf

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