Standard & Poors affirms EDP's "BB+" rating and outlook is revised to positive

Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:

Today, Standard & Poor's Ratings Services ("S&P") affirmed its "BB+" long-term and "B' short-term corporate credit ratings on EDP and revised the outlook from stable to positive.

S&P revised the outlook to positive to reflect expectation that the group's financial risk profile will strengthen markedly over the next 2 years, anticipating that EDP's debt will continue gradually decreasing while its credit metrics continue to slowly strengthen, thanks to additional asset sales, tariff deficit securitizations, and cuts in capital spending.

A lowering of S&P's long-term rating on Portugal by up to two notches would leave the rating on EDP unchanged, all else remaining equal.


EDP – Energias de Portugal, S.A.