The rating agency Standard & Poor's Global Ratings (S&P) today confirmed the long-term credit rating of the Iren Group at "BBB" Outlook "Stable". The same rating is also attributed to senior unsecured debt.
Investors
Standard & Poor's confirms the Group's rating at BBB with a stable outlook
Standard & Poor's confirms the Group's rating at BBB with a stable outlook
23 Jul 2024
The rating judgment comes following the update of the industrial plan to 2030 which maintains a strong focus on regulated activities with a remodulation of overall investments.
The stable outlook reflects the expectations of maintaining the net debt/EBITDA ratio of no more than 3.5x and management's commitment to maintaining the current rating judgment and careful financial discipline.
The confirmation of the rating, from a financial point of view, expresses the adequacy of the Group's liquidity, the high credibility on the capital market and the strong relationship with the banks, as well as solid and prudent risk management.