Home Business Erg: Fitch confirms the BBB- rating, with a stable outlook

Erg: Fitch confirms the BBB- rating, with a stable outlook

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Erg: Fitch confirms the BBB- rating, with a stable outlook
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13/05/2022 17:02


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The rating agency Fitch Ratings has confirmed for Erg a long term issuer default rating (Idr) of BBB-, with a stable outlook and a senior unsecured rating of BBB-. This confirmation reflects, explains the note, the resilience of the business model and the asset portfolio of the “fully renewable” group as well as the “quasi-regulated” business profile which provides that 85-90% of the Group’s Ebitda is stabilized by rates determined through participation in government auctions or long-term Power Purchase Agreements (PPAs). The rating agency’s decision also considers the new growth objectives of the 2022-2026 business plan based on a strong commitment to the growth of the Res portfolio and on the commitment to maintain the investment grade rating.

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