Credit rating S&P - Fitch

During 2021, Iren was rated BBB - with Positive Outlook by Standard & Poor's for the first time for both long-term creditworthiness and senior unsecured debt. The Fitch agency also confirmed the BBB rating with Stable Outlook.

 

Below are the ratings obtained by Iren for creditworthiness.

Standard & Poor’s

  • Last update 09/12/2021
  • Long term Issuer Default Rating BBB -
  • Outlook Positive

Fitch

  • Last update 21/11/2022
  • Long term Issuer Default Rating BBB
  • Outlook Stable

 

Standard & Poor's assigns the first rating to Iren: 'BBB-' Positive outlook

On 09 December 2021, the Standard & Poor's rating agency assigned, for the first time to the Iren Group, its long-term credit rating at the "BBB-" level with a "Positive" outlook. The rating obtained expresses the soundness and quality of Iren's creditworthiness and reflects the group's solid positioning in Italy as one of the largest multi-utilities with wide diversification of activities especially in regulated activities and strong territorial presence. In addition, the acceleration of capital expenditures under the new Business Plan, primarily targeting organic growth and energy transition, combined with an expected continued improvement in credit metrics, support the "positive" outlook by the rating agency.

 

Standard & Poor's positively assesses also the Group's liquidity profile.

 

The rating of bond issues corresponds to the rating assigned to the company.

Fitch confirms Iren's rating at "BBB" with "stable" outlook

On 21 November 2022, the Fitch rating agency confirmed the Long-Term Issuer Default Rating (IDR) at "BBB" with a "Stable" outlook for Iren Group. The Long-Term Senior Unsecured Rating at “BBB” was also reaffirmed.

 

Confirmation of Fitch's judgment is supported by the Group's vertical integration and balanced business model which guarantee resilience and stability even in this context of high volatility in the energy scenario. The Group has demonstrated its proactivity in securing a solid liquidity buffer to face uncertain market conditions.

 

The rating of bond issues corresponds to the rating assigned to the company.

Rating History