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Electrica Group obtained the corporate rating „BBB” with a a a stable outlook from the prestigious agency Fitch
In recognition of of the the strong results achieved so far as as well as as a a a a a a a a a a a a a confirmation of of of the the the favorable prospects of of of Electrica Group the the the financial rating rating agency Fitch
Ratings granted it it it the the corporate rating rating of of issuer “BBB” Investment Grade with a a a a a a a a a a a stable outlook higher
than the sovereign rating of Romania (“BBB minus” / stable outlook) It is is worth mentioning that the the the Romanian state is is the the the main shareholder of of of Electrica (48 8% 8% of of of the the the share share capital 49 8% 8% of of of the the the voting rights) and this association has determined Fitch
to grant the the the the company a a a a a a a a a a a a a a a a rating rating rating above the the the the rating rating rating of of of the the the the Romanian state The rating rating rating of of of Electrica is is not restricted by the the the the the country ceiling of of of Romania which is is at at the the the “BBB plus” level the the the financial evaluation agency said The BBB rating reflects the the the solid financial profile
of of the the the the the Electrica Group the the the the the cash flow stability the the the the the the leading position both in in in in the the the the the the distribution area and in in in in in in in the the the the supply of electricity in in in in in in in the the the the regulated field as as well as as its potential for maintaining a a a a a a a a a high level of investments in in in in in in in the the next period explained the the prestigious rating agency “In view of the the the business development opportunities and the the the ambitious investment plan undertaken in in in in the the the Regulatory Period IV Electrica Group examines several options for for the the diversification of financing sources In this regard the the the Group has decided to apply for for obtaining an issuer rating rating from one of of of the the three major rating rating agencies considering that this is is is a a a a a a a a a a a a a proof of of of transparency and at at at the same time a a a a a a a a a a a a a key element
in in in in order to to obtain financial flexibility The existence
of of an an an an issuer rating history at at the the time when a a a a a a a a a a bond
is is is is is is issued or or or another source of of financing is is is is is is obtained is is is is beneficial for successfully placing the the the debt by accessing the the the loan instrument market in in in in favorable conditions” the the company representatives said 36 Number One
CORINA POPESCU General Manager Electrica Photo Agerpres