ACEA S p A : Fitch Ratings has improved Acea’s outlook to “Stable” from “Negative” and has confirmed its rating at “BBB+”

Fitch Ratings has improved Acea's outlook to "Stable" from "Negative" and has confirmed its Long-Term Issuer Default Rating (IDR) and senior unsecured ratings at 'BBB+'.

The outlook change mainly follows Acea's solid 2023 financial performance, improved working-capital management, and a clear target leverage set at a company-defined net debt/EBITDA up to 3.5x.

The affirmation of the rating "BBB+" reflects Acea's robust business model and strategy outlined in its 2024-2028 business plan, mainly focused on regulated water and electricity distribution as well as on incentivised waste treatment activities.