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Published on 3/15/2012 in the Prospect News Convertibles Daily.

S&P rates RWE notes BBB

Standard & Poor's said it assigned a BBB long-term issue rating to the proposed, perpetual, optionally deferrable and subordinated capital securities to be issued by RWE AG.

The proposed transaction has a volume of £750 million.

The rating results from notching down from the A- long-term corporate credit rating on RWE, S&P said.


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