Moody´s Downgrades Austrian Verbund

EnergyRenewables ♦ Published: August 2, 2013; 20:18 ♦ (Vindobona)

The rating agency lowers the rating of the Austrian energy group from „A3“ to „Baa1“.

Moody´s Downgrades Austrian Verbund / Picture: ©

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…