Credit rating S&P - Fitch

During 2022, despite high macroeconomic and regulatory uncertainties, Iren obtained confirmation of all ratings aimed at certifying both long-term creditworthiness and senior unsecured debt.

 

Below are the ratings obtained by Iren for creditworthiness.

Standard & Poor’s

  • Last update 07/12/2022
  • Long term Issuer Default Rating BBB-
  • Outlook Positive

Fitch

  • Last update 21/11/2022
  • Long term Issuer Default Rating BBB
  • Outlook Stable

 

S&P Global Ratings confirms “BBB-” rating with “Positive” outlook

On 7th December 2022, the rating agency S&P Global Ratings confirms the rating for the long-term creditworthiness at the level "BBB-" with "Positive" outlook. The same rating is also given to the senior unsecured debt.

 

The rating expresses the soundness and quality of Iren's creditworthiness and reflects the progress with respect to the Business Plan to 2030 in the agency's opinion. On top of that, the rating highlights the resilience of the economic and financial results in the current market environment characterized by the volatility of the energy scenario and regulatory interventions.

 

The positive outlook is supported by robust investment grade metrics and a diversified business model that counter current macroeconomic and regulatory uncertainties.

 

From a financial point of view, the assigned rating also expresses the good liquidity of the Group, the high standing in the capital markets and the excellent relationship with the banks, thanks also to an ever-greater focus on sustainable finance instruments.

 

The rating of bond issues corresponds to the rating assigned to the company

Fitch confirms Iren's rating at "BBB" with "stable" outlook

On 21 November 2022, the Fitch rating agency confirmed the Long-Term Issuer Default Rating (IDR) at "BBB" with a "Stable" outlook for Iren Group. The Long-Term Senior Unsecured Rating at “BBB” was also reaffirmed.

 

Confirmation of Fitch's judgment is supported by the Group's vertical integration and balanced business model which guarantee resilience and stability even in this context of high volatility in the energy scenario. The Group has demonstrated its proactivity in securing a solid liquidity buffer to face uncertain market conditions.

 

The rating of bond issues corresponds to the rating assigned to the company.

Rating History