Moody's: Abengoa view negative

Moody's Investors Service said it changed the outlook on the B1 corporate family rating, probability of default rating and senior unsecured debt instrument ratings of Abengoa SA and the senior unsecured debt instrument ratings of Abengoa Finance SAU to negative from stable.

"The change of outlook to negative was prompted by our expectation that Abengoa's adjusted leverage will materially exceed 7.0x consolidated net debt/EBITDA through at least 2012, which is higher than we previously expected," Moody's lead analyst for Abengoa Kathrin Heitmann said in a news release.

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