Electrica Group receives BBB rating from Fitch
The Electrica Group, a leader in the distribution and supply of electricity in Romania, obtained the corporate rating of BBB (Investment Grade) issuer, with a stable outlook, from the Fitch rating agency.
“The BBB rating reflects the solid financial profile of the Electrica Group, the stability of the cash flow, the leading position both in the distribution area and in the supply of electricity, in the regulated area, as well as the potential of maintaining a high level of investments in the coming period,” a press release shows.
In view of the business development opportunities and the ambitious investment plan undertaken during the Fourth Regulatory Period, the Electrica Group prospects several variants regarding the diversification of financing sources.
In this regard, the Group made the decision to apply for obtaining an issuer rating from one of the three major rating agencies, considering that this is a proof of transparency and, at the same time, a key element in order to obtain financial flexibility. The existence of a history of the issuer’s rating, at the time of a bond issue or obtaining another source of financing, is beneficial in terms of successfully placing the debt, by accessing advantageous conditions to the market for loan instruments.