(Alliance News) - ERG Spa announced Thursday that Fitch Ratings has affirmed its Long-Term Issuer Default Rating at BBB- with a stable outlook, as well as its senior unsecured rating at BBB-.
The agency explained that the rating reflects the robustness of the group's business model and its renewables portfolio, supported by production that is largely incentivized and contracted over the long term.
ERG shares rose 1.0% to EUR23.10.
By Claudia Cavaliere, Alliance News reporter
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