(Finance) – Standard & Poor’s confirmed the long- and short-term rating of A2A to BBB / A-2 by revising the outlook from “stable” to “negative”.
The revision of the outlook – reads a note – “reflects the expectation of a natural dilution in the subsequent 18-24 months of the pure regulated portion in A2A’s business mix. For the purposes of the assessment, Standard & Poor’s considers it a pure regulated business the electricity networks, gas networks, water cycle, urban collection and treatment plants subject to ARERA regulation. The portion of regulated, quasi-regulated and contractualised business remains in any case higher than 50% of the Group’s Ebitda “.
A2A “confirms its commitment to maintaining the current rating, trusting in its solid financial policy which has allowed constant growth over the years in compliance with the Group’s economic and equity balance, with a strong focus on sustainable finance (currently the share of sustainable debt is equal to 49% of the total) “.