Credit Rating

Fitch confirms Iren's rating: 'BBB' stable outlook

On 20 October 2020, 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 at 2025 which, in continuity with previous years, confirms the prevalence of regulated and quasi-regulated activities for over 70% of EBITDA and the consequent limited impact of the negative market effects relating to coronavirus emergency.

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 Documento Fitch Comunicato stampa Iren
20/10/2020 BBB Stable Fitch Affirms Iren S.p.A. at 'BBB' Outlook Stable PDF
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 PDF
03/10/2019 BBB Stable Fitch Ratings: Iren's Plan Shows Robust Metrics, Increasing Growth Ambitions PDF
28/11/2018 BBB Stable Fitch Affirms Iren S.p.A. at 'BBB'; Outlook Stable PDF
20/12/2017 BBB Stable Fitch Upgrades Iren to 'BBB'; Outlook Stable PDF
  19/12/2016 BBB- Stable Fitch Affirms Iren S.p.A. at 'BBB-'; Outlook Stable PDF
15 /10/2015 BBB- Stable Fitch Assigns Iren First-Time 'BBB-' Rating; Outlook Stable PDF