Reggio Emilia, 9 December 2021 - The rating Agency Standard & Poor's assigns for the first time to the Iren Group the rating for the long-term creditworthiness at the level "BBB-" with "Positive" outlook. The same rating is also attributed to the senior unsecured debt.
Investors
Standard & Poor’s assigns new “BBB-” rating with “Positive” outlook
Standard & Poor’s assigns new “BBB-” rating with “Positive” outlook
9 Dec 2021
The rating obtained expresses the solidity and quality of Iren's creditworthiness and reflects, in the agency's opinion, the solid positioning of the Group in Italy as one of the largest multi-utilities with wide diversification of activities, especially in regulated activities, and a strong territorial presence. In addition, the acceleration of investments envisaged in the new Business Plan, mainly aimed at organic growth and energy transition, combined with a continuous expected improvement in credit metrics, support the "positive" outlook by the rating agency.
From a financial point of view, the rating assigned also expresses the Group's state of good liquidity.