Fitch's Credit Rating
Fitch confirms Iren’s rating at “BBB” with “stable” outlook
On 22 December 2021, the rating agency Fitch confirmed the BBB rating for the Iren Group with a stable outlook. The rating is mainly based on the update of the business plan to 2030, which provides for a significant growth in investments while maintaining a financial structure consistent with the assigned rating. The maintenance of a business portfolio mainly made up of regulated and semi-regulated activities (72% of Ebitda), the creation of value and the stability guaranteed by the integration of the various businesses are considered positive elements.
Fitch also positively assesses the Group's liquidity profile.
The rating of the bond issues corresponds to the rating assigned to the company.
Rating History
| Data | Long-Term Issuer Default Rating (IDR) | Outlook | Fitch Report | Iren's Press Release |
|---|---|---|---|---|
| 22/11/2021 | BBB | Stable | ||
| 20/10/2020 | BBB | Stable | Fitch Affirms Iren S.p.A. at 'BBB' Outlook Stable | |
| 01/07/2020 | BBB | Stable | Fitch Ratings: Iren Shows Good Headroom despite Coronavirus and Acquisition | |
| 27/01/2020 | BBB | Stable | Fitch Affirms Iren S.p.A. at 'BBB'; Outlook Stable | |
| 03/10/2019 | BBB | Stable | Fitch Ratings: Iren's Plan Shows Robust Metrics, Increasing Growth Ambitions | |
| 28/11/2018 | BBB | Stable | Fitch Affirms Iren S.p.A. at 'BBB'; Outlook Stable | |
| 20/12/2017 | BBB | Stable | Fitch Upgrades Iren to 'BBB'; Outlook Stable | |
| 19/12/2016 | BBB- | Stable | Fitch Affirms Iren S.p.A. at 'BBB-'; Outlook Stable | |
| 15 /10/2015 | BBB- | Stable | Fitch Assigns Iren First-Time 'BBB-' Rating; Outlook Stable |