S&P affirmed EDP at "BB+" with positive outlook
S&P affirmed its "BB+" long-term and "B' short-term corporate credit ratings on EDP and EDP Finance BV.
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 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:
Standard & Poor's Global Ratings ("S&P") affirmed its "BB+" long-term and "B' short-term corporate credit ratings on EDP and EDP Finance BV. The outlook remains positive.
This affirmation follows EDP's recent announcement of the acceptance of a binding offer for the sale of the company's gas distribution subsidiary in Spain, Naturgas Energía Distribución, S.A., which proceeds will fund the potential acquisition of the shares of EDP Renováveis, S.A. currently owned by minority shareholders, also recently announced by EDP. S&P believes these transactions are in line with EDP's strategy to reduce leverage and increase exposure to renewables and do not materially affect the group's business risk profile.
EDP – Energias de Portugal, S.A.
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