Agency ratings

Table no. 49 – 2022 rating

Following the rating assigned to Italian sovereign debt, Moody’s changed Acea’s outlook from “stable” to “negative”, at the same time confirming the long-term issuer rating and the senior unsecured rating at “Baa2”, the Baseline Credit Assessment at “Baa2”, and the “(P)Baa2” level assigned to the EMTN programme. Acea’s ratings remain a notch above those of the Italian government, by virtue of the quality of the diversified business portfolio and the Group’s strategic focus on regulated activities.
Fitch entirely confirmed its rating previously assigned to Acea of “BBB+” and a “stable” outlook. The rating reflects Acea's strategic focus in regulated activities, along with prudent management of energy hedges and the solid level of available liquidity.