Fitch considers that EDP's ratings is not affected by Portugal's downgrade
Wednesday 29, December 2010
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Today, Fitch Ratings said that EDP - Energias de Portugal, S.A.'s (EDP) ratings are not affected by Portugal rating downgrade last week. Fitch currently rates EDP's Long-term Issuer Default rating (IDR) at "A-" with a Stable Outlook.
Today, Fitch Ratings ("Fitch") said that EDP - Energias de Portugal, S.A.'s (EDP) ratings are not affected by Portugal rating downgrade last week. Fitch currently rates EDP's Long-term Issuer Default rating (IDR) at "A-" with a Stable Outlook.
The decision is supported by EDP's fairly defensive business profile which limits its exposure to market volatilities in countries in which it operates, including Spain.
EDP – Energias de Portugal, S.A.
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