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Moody´s Downgrades Austrian Verbund

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: © Flickr

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…

This article includes a total of 283 words.

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