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Moody’s Investors Service, (Moody’s) has changed Abengoa S.A.’s (Nasdaq: ABGB) probability of default rating (PDR) to Ca-PD/LD from Ca-PD. Concurrently, the corporate family rating (CFR) of Abengoa S.A. (Abengoa), and the senior unsecured ratings at Abengoa, Abengoa Finance, S.A.U. and Abengoa Greenfield, S.A., were affirmed at Ca. The outlook on the ratings remains negative.
RATINGS RATIONALE
The addition of the “/LD” suffix to PDR reflects Abengoa’s filing to the Luxembourg Stock Exchange that Abengoa S.A. has not paid the interest payable on the EUR550 million senior unsecured notes due 2018 after the 30 days grace period which elapsed…
Read the full article at: http://www.streetinsider.com/Credit Ratings/Moodys Changes Probability of Default Rating on Abengoa (ABGB) to Ca-PDLD; Outlook Negative/11404931.html