(Alliance News) - Edison Spa announced on Friday that the rating agency S&P Global Ratings has upgraded the company's long-term rating to 'BBB+' with a Stable outlook.
The move mirrors a similar change in the rating of EDF, Edison's controlling shareholder, to 'BBB+' with stable prospects, with the expectation that Edison will maintain strong operational performance and conservative credit metrics.
Edison's savings shares closed down 0.4% at EUR2.42 each on Friday.
By Michele Cirulli, Alliance News Reporter
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