BRIEF-Moody's cuts RWE/Essent ratings

LONDON, Nov 4 (Reuters) - RWE (RWEG.DE):

* 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.

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