Vattenfall downgraded by Fitch as pressures mount
Vattenfall, the Swedish power group, was downgraded one notch by Fitch on Monday, to A-, as the agency forecast challenging conditions and regulatory pressures for the company.
The state-owned groups short term rating has been cut from F1 to F2, and its subordinated capital rating from BBB+ to BBB.We focus on our ratings from Standard & Poors and Moodys the Fitch rating is an unsolicited one, said Johan Gyllenhoff, group treasurer of Vattenfall in ...
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