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Moody´s Downgrades Austrian Verbund
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The rating agency lowers the rating of the Austrian energy group from „A3“ to „Baa1“.
Moody´s Downgrades Austrian Verbund / Picture: © Vindobona.org
Within a few months, Moody´s downgrades Verbund for a second time. In April, the rating agency has lowered the rating from “A2” to “A3”.
According to Moody´s the new downgrade is due to the development in the European energy market. However, the outlook remains “stable”.
In general, the market environment remains difficult for Verbund, Moody´s argues. Above…
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