Moody's affirmed EDP at "Ba1" with outlook negative
Friday 21, June 2013
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This article has more than 6 months
Moody's Investors Service affirmed its "Ba1" senior unsecured and non-prime short-term ratings on EDP, its finance subsidiary EDP Finance BV and its Spanish subsidiary, Hidroelectrica del Cantabrico. The outlook on all ratings is negative.
Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:
Today, Moody's Investors Service ("Moody's") affirmed its "Ba1" senior unsecured and non-prime short-term ratings on EDP, its finance subsidiary EDP Finance BV ("EDP Finance") and its Spanish subsidiary, Hidroelectrica del Cantabrico ("HC Energia"). The outlook on all ratings is negative.
EDP's rating by Moody's is two notches above the Republic of Portugal's, in line with Moody's published guidance on issuers affected by a decline in sovereign credit quality.
EDP – Energias de Portugal, S.A.
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