Moody's gives Iberdrola Finanzas certificados bursatiles A3

Moody's Investors Service said it assigned A3 global and Aaa.mx Mexican national-scale long-term ratings to Iberdrola Finanzas SAU's proposed first and second issuance of certificados bursatiles of up to Ps. 5 billion on a combined basis under its new Ps. 10 billion certificados bursatiles program, which is currently being registered with the Mexican regulatory authorities.

The certificados bursatiles will benefit from an unconditional and irrevocable guarantee of Iberdrola, SA, the agency noted.

The outlook is stable.

Moody's said that the A3 and Aaa.mx long term ratings assigned to the certificados bursatiles are based on the full guarantee from Iberdrola Finanzas' parent, Iberdrola SA, which Moody's currently rates A3.

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