Moody's views eustream, EPIF negatively

Moody's Investors Service said it concluded its review for downgrade of eustream as, SPP Infrastructure Financing BV and EP Infrastructure as (EPIF), confirmed their ratings, including EPIF’s Ba2 senior unsecured rating, and assigned a negative outlook. The agency started the review on March 3.

“Given the ongoing military conflict in Ukraine, the negative outlook reflects the elevated risk that Russia may on short notice reduce or stop gas flows to Europe to exert political pressure which in turn may result in the Russian shipper ceasing to make capacity payments. As there is low visibility on the evolution of the geopolitical situation, the resolution of the negative outlook could happen in a relatively short timeframe,” Moody’s said in a press release.

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