Moody's rates Abengoa bonds Ba3

Moody's Investors Service said it assigned a Ba3 corporate family rating and Ba3 probability of default rating to Abengoa SA, along with a Ba3 (LGD 3, 46%) rating to its two senior outstanding bonds.

The outlook is stable.

The ratings reflect the combination of its well-established industrial operations and a diversified portfolio of concessions in the energy, water treatment and industrial services sectors, Moody's said.

The stable outlook reflects an expectation that Abengoa will sustain its sound market position across business segments, the agency said.

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