Orsted : Issuer update following US government’s announcements in offshore wind

Offshore wind developer Orsted enjoyed massive rally on the equity side this morning , with stock up 15%. The rally was less pronounced on the credit side, with hybrid debts adding between 0.2 and 0. 8 cash price figure. This market move came after the US government made a u-turn on the $5bn Empire offshore wind project developed by Norwegian energy company Equinor, allowing construction activities to resume. As a reminder, Equinor suspended construction activities last month by its Equinor in accordance with halt work order issued by the US government . The sectoral read-across is cle...

ムーディーズのブルース：格下げの既視感

Rating downgrade shrugged off… for the time being