PGE’s takeover of EDF assets will weaken its financial profile – Moody’s

WSE-listed power group PGE will have its financial profile deteriorated after taking over the Polish assets of EDF, ratings agency Moody’s said. “FFO (funds from operations)/net debt should stay above 50 percent in 2017, but is likely to decline further in 2018-19, below 40 percent, as the group implements its current capital expenditure program,” Moody’s…

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