Standard & Poor’s confirms its rating of A /negative for EnBW, no change
Karlsruhe. The rating agency Standard & Poors (S&P) confirmed EnBW Energie Baden-Württemberg AG‘s good rating of “A /A 2” without changes as the result of its annual rating process. The outlook remains negative.
The main reason given for this rating is EnBW’s stable operating performance. Particular mention was made of the profitable power stations and the significant share of income from the regulated business and renewable energies as well as electricity transmission and distribution. “We are pleased that Standard & Poor’s has once again confirmed EnBW’s financial strength,” says EnBW’s Chief Executive Officer Hans-Peter Villis.
The negative outlook reflects S&P’s opinion that the shutdown of some of the nuclear power plants could be permanent, and could have a negative impact on EnBW's profitability in the short to medium-term. Ingo Peter Voigt, Head of Finance/Investor Relations says, “The agency has acknowledged our active debt management as part of a well-defined financial strategy. Implementation of the corporate strategy in line with the company’s earnings power has paid off in this respect.”