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Prospect News home > News index > List of issuers E > Headlines for Eesti Energia AS > News item |
S&P cuts Eesti Energia to BBB-
S&P said it lowered the ratings on Eesti Energia AS and its senior debt to BBB- from BBB.
The company plans to use the proceeds from a planned initial public offering for growth capital expenditures instead of paying down debt, S&P said.
The agency said it no longer sees Eesti significantly cutting its debt over the next three years.
The outlook is stable.
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