Provider: Directors Deals Ltd.
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Fitch Ratings Downgrades EDP - Energias de Portugal SA’s Rating
EDP - Energias de Portugal SA (EDP) announced that, on August 2, 2012, Fitch Ratings (Fitch) downgraded ratings of EDP, its finance subsidiary EDP Finance BV (EDP Finance) and its Spanish subsidiary Hidroelectrica del Cantabrico (HC Energia) long-term Issuer Default Ratings to BBB- from BBB+, with negative outlook. According to Fitch EDP remains rated above the Portuguese sovereign, and in theory could remain investment grade if Portugal, currently rated BB+/Negative, was downgraded to BB-, depending on the level of economic dislocation at the time.
Latest Developments for Edp Energias de Portugal SA
- Moody’s Investors Service Affirms EDP Energias de Portugal SA's at Ba1 with Outlook Negative
- EDP Energias de Portugal SA Reaffirms FY 2013 Guidance-Conference Call
- Standard & Poor's Places EDP Energias de Portugal SA's BB+ Long-Term Rating on Creditwatch Negative; Affirms Short-Term Rating
- EDP Energias de Portugal SA Issues FY 2013 EBITDA Guidance In-Line With Analysts' Estimates
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