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Moody's rates Empresa Distribuidora Norte notes B3
Moody's Investors Service said it assigned a B3 global-scale and Baa3(ar) national-scale first-time rating to Empresa Distribuidora Norte SA's (Edenor) dollar-denominated notes.
The outlook is stable.
The ratings reflect Edenor's improved financial structure after the planned debt exchange and also the uncertain nature of Argentina's electricity market, the agency said.
The B3 senior unsecured rating on the global-scale reflects Edenor's expected financial performance and its regulatory risk profile in accordance with Moody's global rating methodology for regulated electric utilities.
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