Moody's assigns RWE notes Baa1

Moody's Investors Service said it assigned a provisional Baa1 long-term rating to the proposed issuance of subordinated fixed- to floating-rate notes by RWE AG.

The outlook is negative.

The size and completion of the hybrid remain subject to market conditions, the agency said, adding that the rating of provisional Baa1 is two notches below the senior unsecured rating of A2 for RWE, reflecting the features of the securities.

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