The risks associated with the Hinkley Point C project, EDF’s close relationship with nuclear supplier Areva, and a planned tariff restructuring in France, have hit EDF’s credit rating, according to rating agency Moody’s.
The agency downgraded EDF Energy’s parent company one notch, from Aa3 to A1 (from a high to a medium quality rating) and EDF Trading from A3 to Baa1.