...PARIS (S&P Global Ratings) April 3, 2017--S&P Global Ratings said today that its ratings on French integrated power company ElectricitT de France S.A. (A-/Stable/A-2) are unaffected after the group finalized its disposal of its 49.9% stake in French power transmission operator RTE RTseau de Transport d'ElectricitT to the government-related entity Caisse des DTp(ts et Consignations and French insurer CNP Assurances for 4.1 billion, combined with the group's successful 4 billion capital increase in March 2017. The completion of these two transactions represents a significant step forward in EDF's remedy plan announced last year, aimed at reducing debt and bridging the still-heavy negative free cash flows posted in 2016 and expected in 2017. Other measures the group has implemented include payment of dividends in shares (already accepted by the French government, which now owns 83.1% of EDF post capital increase), cost and capital expenditure reductions, tighter working capital management,...
