Moody’s assigns Baa1 to CFE notes

Moody's Investors Service said it assigned a Baa1 global scale rating to Comision Federal de Electricidad SA's (CFE) proposed senior unsecured global notes for up to $700 million due 2045.

The outlook is stable.

The assigned Baa1 rating considers that the proposed notes will be direct obligations of CFE. Moody's has reviewed preliminary draft legal documentation related to the debt issuance and the assigned ratings assume that there will be no material variation from the drafts reviewed and that all agreements will be legally valid, binding and enforceable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.