BRIEF-Moody's cuts RWE/Essent ratings
LONDON, Nov 4 (Reuters) - RWE (RWEG.DE: Quote, Profile, Research):
* Moody's says RWE, Essent downgrades reflect concerns earnings growth might not compensate for higher debt burden
* Moody's says RWE's Essent acquisition, plus existing capital investment programme to boost 2009 net debt "substantially"
* Moody's says negative outlook reflects risk that RWE's credit metrics take longer to recover in current climate.
(London Corporate Finance + 44 207 542 3121)
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