Moody’s Investors Service confirms “Baa1” rating for Amprion; outlook raised to “stable”
The transmission system operator Amprion GmbH ("Amprion") has received a rating of "Baa1" with a stable outlook from the rating agency Moody's Investors Service ("Moody's"). Moody's has hereby confirmed the existing rating of "Baa1" and raised the outlook from negative to stable; at the same time, the short-term rating of Prime-2 was confirmed. In June, the rating agency Fitch had already confirmed Amprion's credit rating with "BBB+" and a stable outlook.
According to Moody's, the rating decision reflects the expectation that Amprion's key credit metrics are expected to remain within the rating agency's revised guidance for the existing “Baa1” rating, despite the significant investment programme, particularly thanks to continued shareholder support. The stable outlook also expresses the expectation that Amprion will maintain its strong operational performance and efficiency going forward.
"We are pleased that Moody's reflects the challenges that arise from our legal and social mandate to enable the energy transition more appropriately. Our investments are based on the grid development plan approved by the Federal Network Agency. We are thus working on a legal basis and an assured earnings perspective for our investors", comments Peter Rüth, Chief Financial Officer.
You can read Moody's press release on the rating action on Moody's website at the following link.
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