London, 13 May 2016 -- Moody's Investors Service has today downgraded to Baa3 and (P)Baa3 from Baa2 and (P)Baa2 the senior unsecured ratings of RWE AG (RWE), and RWE Finance B.V. its guaranteed subsidiary. Concurrently, Moody's has downgraded to Ba2 from Ba1 the subordinated debt ratings. The short term ratings of RWE and RWE Finance BV are downgraded to Prime-3 and (P)Prime-3 from Prime-2 and (P)Prime 2. The outlook is stable. This concludes the review of the ratings initiated on 13 February 2016.
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