Moody's Downgrades Tepco Debt Ratings

Moody's Japan K.K. downgraded debt ratings for Tokyo Electric Power Co TKECF. Moody's lowered Tepco's senior secured rating from “Baa2” to “Ba2.” It also cut Tepco's long-term issuer rating from “Baa3” to “B1.” TKECF shares dropped 2.09% to close at $3.75 on Friday.