- Published: May 2012
- Region: Portugal
Research Update: Utility EDP - Energias de Portugal 'A-/A-2' Ratings Affirmed On Expected Credit Metrics; Outlook Remains Negative Oct 10
- Published: October 2010
- Region: Portugal
- Standard & Poors
We believe that EDP's credit metrics will recover to levels we deem commensurate with its current ratings. We are affirming our 'A-/A-2' ratings on EDP, a Portuguese utility. Our negative outlook reflects our outlook on the Republic of Portugal, as well as economic conditions and uncertainty over the regulatory frameworks in EDP's core markets. On Oct. 29, 2010, Standard & Poor's Ratings Services affirmed its 'A-' long-term and 'A-2' short-term corporate credit ratings on Portuguese utility EDP - Energias de Portugal, S.A. The outlook remains negative. The affirmation reflects our expectation that EDP's credit metrics will recover shortly to levels we deem commensurate with an 'A-' rating. Furthermore, our base-case scenario forecasts a gradual strengthening of cash flow credit metrics...
Companies mentioned in this report are: EDP - Energias de Portugal, S.A.,EDP Finance B.V.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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EDP - Energias de Portugal, S.A.,EDP Finance B.V.