Rating

On 21 November 2023, Moody’s has changed ACEA’s outlook from “negative” to “stable”. At the same time, the rating agency confirmed 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 improvement in ACEA’s outlook follows the same trend recorded by the Italy’s sovereign debt announced on Friday 17 November 2023. The change also reflects the company’s “solid financial profile” and the fact that ACEA’s outlook was previously unfavourably affected by the negative outlook on the sovereign rating.

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