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Today, Moody's Investors Service placed the Baa1/Prime-2 senior unsecured ratings of EDP - Energias de Portugal, S.A., its finance subsidiary EDP Finance BV, and its Spanish subsidiary, Hidroelectrica del Cantabrico under review for possible downgrade.
25 billion investment plan until 2026 will boost renewable additions and support the group’s new net zero targets. Intended capital raise at EDP and EDPR to support the growth ambition. Delisting of EDP Brazil unlocks value creation and promotes corporate simplification.