Moody's confirms Edesa

Moody's Investors Service said it affirmed the B2 foreign currency corporate family rating and A2.ar national scale rating of Empresa Distribuidora de Electricidad de Salta SA (Edesa) following the announcement that Edenor will sell and transfer the operating subsidiary to Salta Inversions Electricas SA.

The senior unsecured ratings on Edesa's $63 million proposed notes are also affirmed.

The outlook is stable.

Moody's said the affirmation takes into consideration the new shareholding group's ample experience and track record in the industry.

© 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.