Fitch upgrades Edenor (NYSE: EDN) issuer default and unsecured notes ratings

Rhea-AI Filing Summary

Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) reports that Fitch Ratings has upgraded its Long-Term Local Currency Issuer Default Rating to 'B' from 'CCC+'. The Long-Term Foreign Currency Issuer Default Rating was also raised to 'B-' from 'CCC+'. In addition, Fitch upgraded Edenor’s unsecured notes rating to 'B' from 'B-'. These upgrades signal an improved assessment of the company’s credit profile by the rating agency.

Positive

• Credit rating upgrades by Fitch: Long-Term Local Currency IDR raised to 'B' from 'CCC+', Foreign Currency IDR to 'B-' from 'CCC+', and unsecured notes to 'B' from 'B-'. This reflects a stronger external assessment of Edenor’s credit profile.

Negative

• None.

Insights

Credit & capital structure analyst

Fitch upgrades Edenor’s issuer and notes ratings, easing perceived credit risk.

Fitch Ratings raised Edenor’s Long-Term Local Currency Issuer Default Rating to 'B' and the Foreign Currency Issuer Default Rating to 'B-', both from 'CCC+'. The unsecured notes rating was also upgraded to 'B' from 'B-'.

Ratings in the 'B' category indicate a better, though still speculative, credit profile than 'CCC+'. This can broaden potential debt investor appetite and may help over time with refinancing access and pricing, depending on market conditions and future financial performance.

The upgrades focus on both issuer-level risk and specific unsecured notes, suggesting Fitch sees improvement across Edenor’s overall credit standing and its key bond instruments. Future rating actions will depend on operating performance, regulatory environment in Argentina, and the company’s leverage and liquidity metrics as disclosed in subsequent reports.

Key Figures

Long-Term Local Currency IDR: 'B' Long-Term Foreign Currency IDR: 'B-' Unsecured notes rating: 'B' +1 more

4 metrics

Long-Term Local Currency IDR 'B' Upgraded from 'CCC+' by Fitch Ratings

Long-Term Foreign Currency IDR 'B-' Upgraded from 'CCC+' by Fitch Ratings

Unsecured notes rating 'B' Upgraded from 'B-' by Fitch Ratings

Form type Form 6-K Report of foreign private issuer for May 2026

Key Terms

Issuer Default Ratings, unsecured notes, foreign private issuer, Form 20-F

4 terms

Issuer Default Ratings financial

"Fitch Ratings has upgraded Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs)"

unsecured notes financial

"Fitch has also upgraded unsecured notes to 'B', from 'B-'."

Unsecured notes are loans a company issues to investors that are backed only by the issuer’s promise to pay, not by specific assets like buildings or equipment. Like an IOU without collateral, they usually pay interest but rank below secured creditors if the company fails, so they carry higher risk and often offer higher yields; investors watch them for credit strength, interest payments and recovery prospects in a default.

foreign private issuer regulatory

"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

Form 20-F regulatory

"Form 20-F X Form 40-F"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2026

EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (EDENOR)

(DISTRIBUTION AND MARKETING COMPANY OF THE NORTH )

(Translation of Registrant's Name Into English)

Argentina

(Jurisdiction of incorporation or organization)

Av. del Libertador 6363,

12th Floor,

City of Buenos Aires (A1428ARG),

Tel: 54-11-4346-5000

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F  X     Form 40-F 

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes    No  X  

(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)

May 14th ,2026

Messrs.

COMISIÓN NACIONAL DE VALORES

Argentine Securities and Exchange Commission

Issuers´ Management Office

25 de Mayo 175

City of Buenos Aires

Messrs.

BOLSAS Y MERCADOS ARGENTINOS S.A.

Sarmiento 299

City of Buenos Aires

Ref: Empresa Distribuidora y Comercializadora Norte S.A

Material fact

Risk Rating

Dear Sirs:

I hereby address you on behalf of Empresa Distribuidora y Comercializadora Norte S.A.

(indistinctly, “Edenor” or the “Company”) in accordance with the provisions of CNV Rules, in order to inform you that today, Fitch Ratings has upgraded Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) to 'B' and 'B-' respectively from 'CCC+'. Fitch has also upgraded unsecured notes to 'B', from 'B-'.

Yours faithfully,

Lucila Ramallo

Market Relations Officer.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (EDENOR S.A.)

Avda. del Libertador 6363 – Buenos Aires, C1428ARG – Argentina. Tel.: 4346-5400 Fax: 4346-5327

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Empresa Distribuidora y Comercializadora Norte S.A.
	By:	/s/ Germán Ranftl
		Germán Ranftl
		Chief Financial Officer

Date: May 14, 2026

FAQ

What credit rating changes did Fitch make for Edenor (EDN)?

Fitch upgraded Edenor’s Long-Term Local Currency Issuer Default Rating to 'B' from 'CCC+', and its Long-Term Foreign Currency Issuer Default Rating to 'B-' from 'CCC+'. Fitch also raised the rating on Edenor’s unsecured notes to 'B' from 'B-'.

How did Fitch change Edenor (EDN) unsecured notes ratings?

Fitch raised Edenor’s unsecured notes rating to 'B' from 'B-'. This upgrade means Fitch now views the company’s unsecured debt as having lower credit risk than before, though it remains within speculative-grade territory.

What are Edenor’s updated issuer default ratings after Fitch’s action?

Edenor’s Long-Term Local Currency Issuer Default Rating is now 'B', and its Long-Term Foreign Currency Issuer Default Rating is 'B-'. Both were previously at 'CCC+', indicating a meaningful improvement in Fitch’s credit view.

Does the Fitch upgrade affect both local and foreign currency risk for Edenor (EDN)?

Yes. Fitch upgraded Edenor’s Long-Term Local Currency IDR to 'B' and its Long-Term Foreign Currency IDR to 'B-'. The action signals better perceived creditworthiness for obligations in both local and foreign currencies.

Why is Fitch’s rating upgrade important for Edenor (EDN) investors?

A rating upgrade from 'CCC+' to 'B'/'B-' suggests a lower risk of default in Fitch’s opinion. This can improve market perception of Edenor’s debt and may influence its future financing options and borrowing costs, subject to broader market conditions.