London, 27 September 2013 -- Moody's Investors Service has today downgraded the issuer rating, and the long- and short-term senior unsecured ratings of Vattenfall AB to A3 and (P)A3 from A2 and (P)A2, and to Prime-2 (P-2) from P-1, respectively. Concurrently, Moody's has downgraded its subordinated ratings to (P)Baa1 from (P)A3, and the junior subordinated ratings to Baa3 from Baa2. The outlook on the ratings is stable. This concludes the review for downgrade initiated by Moody's on 25 June 2013.
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