S&P affirmed EDP at BB+ with positive outlook
Today, Standard & Poor's Ratings affirmed its "BB+" long-term corporate credit rating on EDP. The outlook is positive.
Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal SA ("EDP") is providing the following information to the market:
Today, Standard & Poor's Ratings Services ("S&P") affirmed its "BB+" long-term and "B' short-term corporate credit ratings on EDP. The outlook is positive.
This affirmation reflects S&P's view that country risk in Portugal and Spain has improved on the back of better economic conditions. S&P considers that these improving economic prospects have strengthened EDP's credit fundamentals and continues to see potential for the company's credit metrics to strengthen to levels they consider commensurate with a higher rating.
EDP – Energias de Portugal, S.A.
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