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.
|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|
|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|