Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for IE2 Holdco, SAU > News item |
Fitch rates Viesgo bonds BBB
Fitch Ratings said it assigned IE2 Holdco, SAU's 500 million of 2.375% notes due 2023 and 550 million of 2.875% notes due 2026 expected ratings of BBB.
The ratings, the agency said, follow the recently launched consent solicitation to replace the issuer and its guarantor, Viesgo Holdco SAU with EDP - Energias de Portugal SA, which Fitch rates BBB, and to amend certain terms and conditions of the two outstanding bonds to substantially align them with those of EDP's senior unsecured notes.
The purpose of the consent solicitation is to simplify EDP group's debt structure, to centralize reporting obligations at EDP level and to assure consistent treatment among all of the group's bondholders, Fitch said in a press release. The agency will finalize the ratings if the solicitation is successful.
The outlook is stable.
© 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.