Moody's could cut GDF SUEZ

Moody's Investors Service said it placed the A1 senior unsecured ratings of GDF SUEZ SA and the GIE SUEZ Alliance on review for downgrade.

Concurrently, Moody's placed the A3 issuer ratings of GDF SUEZ's subsidiaries Electrabel SA and GDF SUEZ CC on review for downgrade, which incorporate a degree of uplift as a result of these companies' membership of the group.

Moody's also affirmed the Prime-1 ratings of GDF SUEZ and the GIE Suez Alliance and the Prime-2 rating of Electrabel.

Moody's said the review follows the approach to buy out the International Power minority shareholders.

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