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 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. 

Find out the sustainability rating