Moody's cuts Electricidade dos Acores

Moody's Investors Service said it downgraded the issuer rating of Electricidade dos Acores SA to B1 from Ba3.

The rating remains under review for further downgrade.

Moody's said its one-notch downgrade of Electricidade dos Acores' rating to B1 reflects the increased refinancing risk associated with the company's approaching debt maturities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.