(Finance) – The agency Fitch Ratings has confirmed for the Group Iren the LongTerm Issuer Default Rating (IDR) at “BBB” with a “Stable” outlook.
The Long-Term Senior Unsecured Rating at “BBB” was also confirmed.
The confirmation of Fitch’s judgment – reads a note – is supported “by the vertical integration and the balanced business model of the Group which guarantee resilience and stability also in this context of high volatility of the energy scenario. The Group has demonstrated its proactivity in securing one solid liquidity reserve to cope with uncertain market conditions”.