Rating

On 09 August 2022, following its change in outlook on the rating of Italy’s sovereign debt on August 5th 2022, Moody's has changed Acea’s outlook from “stable” to “negative”. At the same time, Moody’s has affirmed the “Baa2” long-term issuer rating and the “Baa2” senior unsecured rating, the “baa2” Baseline Credit Assessment, as well as the “(P)Baa2” rating assigned to the EMTN programme. The change in outlook for Acea, as for several Italian companies, reflects their exposure towards the lower sovereign credit quality. However, Acea’s ratings remain one notch above the sovereign ratings, thanks to its diversified business portfolio and to the strategic focus of the Group on regulated activities.. 

In its March 15 2023 assessment, Fitch confirmed confirmed Acea SpA's Long-Term Issuer Default Rating (IDR) at "BBB+" and changed the outlook from "stable" to "negative". The change in outlook reflects their expectations of a higher leverage due to cash absorption for working capital and for 2022 Group investments acceleration. The rating affirmation “BBB+” reflects Acea's strategic focus in regulated businesses, combined with a solid operational performance.

Find out the sustainability rating