Moody's Downgrades Tepco Debt Ratings

Moody's Japan K.K. downgraded debt ratings for Tokyo Electric Power Co

. 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.