Fitch upgrades EDP to 'BBB' with stable outlook
Fitch upgrades EDP to 'BBB' with stable outlook
Lisbon, May 12th, 2021:Today, Fitch Ratings (“Fitch”) upgraded EDP – Energias de Portugal, S.A. and EDP Finance B.V. long-term Issuer Default Ratings and senior unsecured ratings to ‘BBB’ with stable outlook.
This upgrade reflects a sustainable improvement in leverage metrics and Fitch’s positive view on EDP’s updated business plan for 2021-2025, which balances growth acceleration in low risk activities and geographies and credit-metric protection, as well as expectations of a stronger business profile fully consistent with the energy transition.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.
EDP – Energias de Portugal. S.A.