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investors > Press Releases > 2010 > Fitch considers that EDP’s ratings is not affected by Portugal’s downgrade

Fitch considers that EDP’s ratings is not affected by Portugal’s downgrade

Wednesday, December 29, 2010

Today, Fitch Ratings said that EDP - Energias de Portugal, S.A.’s (EDP) ratings are not affected by Portugal rating downgrade last week. Fitch currently rates EDP’s Long-term Issuer Default rating (IDR) at 'A-' with a Stable Outlook.
 

Today, Fitch Ratings (“Fitch”) said that EDP - Energias de Portugal, S.A.’s (EDP) ratings are not affected by Portugal rating downgrade last week. Fitch currently rates EDP’s Long-term Issuer Default rating (IDR) at 'A-' with a Stable Outlook.

The decision is supported by EDP’s fairly defensive business profile which limits its exposure to market volatilities in countries in which it operates, including Spain.

EDP – Energias de Portugal, S.A.

Rating: Fitch
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Rating: Fitch