London, 06 April 2016 -- Moody's Investors Service (Moody's) has today downgraded to Baa1 from A3 the senior unsecured ratings of CEZ, a.s. (CEZ) and the rating on the notes issued by CEZ MH B.V. which are guaranteed by CEZ. Concurrently, Moody's has downgraded to (P)Baa1 from (P)A3 the long-term provisional rating on CEZ's euro medium-term note (EMTN) programme. The outlook on all ratings is stable.

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