London, 02 August 2013 -- Moody's Investors Service has today downgraded to Baa1 from A3 the senior unsecured ratings of Verbund AG (Verbund) and its fully guaranteed subsidiary Verbund International Finance GmbH (Verbund International Finance). Concurrently, Moody's has also downgraded to (P)Baa1 from (P)A3 the long-term provisional rating on Verbund International Finance's euro medium-term note (EMTN) programme (co issued and guaranteed by Verbund). The outlook on all ratings is stable.

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