Essen,
31
October
2016
|
18:08
Europe/Amsterdam

Fitch assigns innogy a strong and independent investment grade rating

  • innogy’s first stand-alone credit rating
  • Investment grade rating with BBB+ and stable outlook
  • Senior unsecured rating of A-

The rating agency Fitch has assigned innogy SE a strong investment grade rating of BBB+ with a stable outlook, a senior unsecured rating of A- and a short-term rating of F2.

innogy, Germany´s largest utility by market capitalisation was listed on the Frankfurt Stock Exchange earlier this month. According to Fitch the assigned ratings reflect innogy’s strong business profile with the majority of earnings from regulated networks as well as a large proportion of quasi regulated earnings from renewables generation.

Bernhard Günther, Chief Financial Officer of innogy SE: “Just a few weeks after the successful IPO, I am pleased about innogy’s first stand-alone credit rating. This strong investment grade rating will foster the establishment of innogy as an important issuer in the Debt Capital Market.”

 

Important Note

This release contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. Forward-looking statements shall not be construed as a promise for the materialization of future results and developments and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. Neither the Company nor any of its affiliates assumes any obligations to update any forward-looking statements.