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

Fitch Affirms Iren S.p.A. at 'BBB'; Outlook Stable

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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