Moody’s revises EDP view to positive

Moody's Investors Service said it affirmed the Ba1, provisional Ba1 and non-prime ratings of EDP – Energias de Portugal SA (EDP), EDP Finance BV and Hidroelectrica del Cantabrico SA.

The outlook was changed to positive from negative.

Moody’s said the outlook change reflects an improving operating and macroeconomic environment for EDP, as reflected in the recent Portuguese sovereign upgrade to Ba1 stable and the agency’s view that EDP will gradually deleverage as outlined in the company's recent strategic plan update.

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