Fitch Rating “investment grade” BBB with stable outlook
In 2017 the focus on financial sustainability – which has always distinguished Iren Group – was confirmed by the allocation of the “Investment Grade” BBB rating (by the Fitch agency) with a stable outlook, that improved by one notch compared to 2016. Fitch also confirmed the BBB rating for senior unsecured emissions. The reasons behind the improved rating mainly concern the structural growth of the Group’s profitability, the achievement – in recent years – of significant synergies with results that exceed market expectations, the complete merging of some medium-sized companies subject to major territorial consolidation and the reduction in the cost of debt, combined with the early achievement of financial flexibility targets.
Sahreholding structure of Iren SpA (% of total share capital)