Moody's rates Empresa Distribuidora Norte notes B3

Moody's Investors Service said it assigned a B3 global-scale and Baa3(ar) national-scale first-time rating to Empresa Distribuidora Norte SA's (Edenor) dollar-denominated notes.

The outlook is stable.

The ratings reflect Edenor's improved financial structure after the planned debt exchange and also the uncertain nature of Argentina's electricity market, the agency said.

The B3 senior unsecured rating on the global-scale reflects Edenor's expected financial performance and its regulatory risk profile in accordance with Moody's global rating methodology for regulated electric utilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.