Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for RWE AG > News item |
Moody's rates RWE notes Baa2
Moody's Investors Service said it assigned a provisional Baa2 long-term rating to the proposed issuance of subordinated resettable fixed-rate notes due 2072 by RWE AG.
The outlook is negative.
The size and completion of the hybrid remain subject to market conditions.
The rating is two notches below the senior unsecured rating of A3 for RWE, reflecting the features of the hybrid, Moody's said.
It has a long-dated maturity and is very deeply subordinated and RWE can opt to defer coupons on a cumulative basis, the agency said.
© 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.