Fitch Ratings “Investment Grade” BBB-
The sustainability of the financial profile of the Group has always been one of the key strategic elements for Iren. During 2016 the focus on this aspect was also confirmed by the “Investment Grade” BBB- rating (assigned by the Fitch agency) with a stable outlook that is mainly linked to the balanced mix of the business portfolio between regulated and quasi regulated activities, the liquidity profile, the solidity of the shareholding structure and the Group strategy, which form the basis of the 2021 business plan, as well as the positive results achieved in the last 12-18 months. These reasons are reconfirmed for the assignment of the “BBB” rating (a notch higher) on the EMTN program and the bond issues.
Shareholding structure of Iren SpA (% of total share capital)