Moody's
 
Last rating action 09/08/2022
Last credit Opinion/Review 21/01/2022
Long-term Issuer Rating Baa2
Outlook Negative

Fitch Ratings
 
Last rating action 05/07/2022
Last review13 13/07/2021
Long-term Issuer Default Rating BBB+
Outlook Stable

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 January 14 2021 assessment, Fitch confirmed Acea SpA's Long-Term Issuer Default Rating (IDR) at 'BBB+' with Stable Outlook and Short-Term IDR at 'F2 '. The Long-Term Senior Unsecured Rating has also been affirmed at 'BBB+'. The affirmation reflects the Group’s strategic focus on regulated businesses, its positive track record for operational performance and healthy liquidity position. These factors offset the increase in debt linked to planned investment in innovation and sustainability under the 2020-2024 Business Plan. 

Historical table


Moody's
 

Ratings
 
Rating Action Date Outlook/Watch
LT Issuer rating (Domestic) Baa2 RATING AFFIRMATION 8 aug 2019 Stable
LT Issuer rating (Domestic) Baa2 RATING AFFIRMATION 12 dec 2016 Stable
LT Issuer rating (Domestic) Baa2 RATING AFFIRMATION 24 jun 2015 Stable
LT Issuer rating (Domestic) Baa2 RATING AFFIRMATION 18 feb 2014 Stable
Senior Unsecured (Domestic) Baa2 RATING AFFIRMATION 8 aug 2019  
Senior Unsecured (Domestic) Baa2 RATING AFFIRMATION 12 dec 2016  
Senior Unsecured (Domestic) Baa2 RATING AFFIRMATION 24 jun 2015  
Senior Unsecured (Domestic) Baa2 RATING AFFIRMATION 18 feb 2014  
Senior Unsecured MTN (Domestic)  (P) Baa2 RATING AFFIRMATION 8 aug 2019  
Senior Unsecured MTN (Domestic) (P) Baa2 RATING AFFIRMATION 12 dec 2016  
Senior Unsecured MTN (Domestic) (P) Baa2 RATING AFFIRMATION 24 jun 2015  
Senior Unsecured MTN (Domestic) (P) Baa2 NEW 7 jul 2014  

Fitch Ratings

Ratings Rating Action Date Outlook/Watch
Long-Term Issuer Default Rating BBB+ Affirmed 05 jul 2022  Stable
Long-Term Issuer Default Rating BBB+ Affirmed 14 jan 2021  Stable
Long-Term Issuer Default Rating
BBB+ Affirmed 12 may 2020  Stable
Long-Term Issuer Default Rating
BBB+ Affirmed 16 may 2019  Stable
Long-Term Issuer Default Rating BBB+ Affirmed 29 jan 2018  Stable
Long-Term Issuer Default Rating BBB+ Affirmed 03 aug 2016  Stable
Long-Term Issuer Default Rating BBB+ Affirmed 26 jun 2015  Stable
Long-Term Issuer Default Rating BBB+ Affirmed 06 nov 2014  Stable
Long-Term Issuer Default Rating BBB+ Affirmed 29 may 2014  Stable
Short-Term Issuer Default Rating F2 Affirmed 12 may 2020  
Short-Term Issuer Default Rating F2 Affirmed 16 may 2019  
Short-Term Issuer Default Rating F2 Affirmed 29 jan 2018  
Short-Term Issuer Default Rating F2 Affirmed 03 aug 2016  
Short-Term Issuer Default Rating F2 Affirmed 26 jun 2015  
Short-Term Issuer Default Rating F2 Affirmed 06 nov 2014  
Short-Term Issuer Default Rating F2 Affirmed 29 may 2014  

Highlights

Discover the latest news and initiatives of the Acea Group