Moody’s adjusted leverage typically uses metrics like debt/EBITDA to gauge trend. From the data:
- Revenue surged 2022 vs 2021, but operating profit before depreciation swung to negative in 2022 (-4.99B) from positive 18.0B in 2021.
- Net income heavily negative in 2022 (-18.23B). 
- However, cash flows show worsening operating cash flow but financing activities generated substantial cash, suggesting liquidity actions.
- Total assets increased from 360.97B to 388.13B; equity declined from 61.99B to 46.61B in 2023 vs 2022, indicating higher leverage relative to equity.

Given EDF’s situation in 2022 shows large losses and increased liabilities, Moody’s adjusted leverage would likely deteriorate rather than improve, though some cash flows and government support may mitigate. The trend is more likely Deteriorating. 

<answer>Deteriorating</answer>