Elia / : S&P Global affirms Elia Group, Eurogrid and ETB’s BBB+ rating and revises the outlook to negative for Elia Group and Eurogrid
December 22, 2022 at 12:13 pm EST
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22 December 2022
S&P Global affirms Elia Group, Eurogrid and ETB's BBB+ rating and revises the outlook to negative for Elia Group and Eurogrid
Highlights
Elia Group's, ETB's and Eurogrid's credit ratings remain unchanged
S&P Global affirms credit ratings at BBB+ and revises the outlook to 'negative' for Elia Group and Eurogrid. For ETB, the credit rating is affirmed at BBB+ with a stable outlook
S&P Global (S&P) affirmed Elia Group's and Eurogrid GmbH ("Eurogrid") BBB+ longterm credit rating but revised the outlook to negative from stable. The long-term credit rating of Elia Transmission Belgium ("ETB") of BBB+ was affirmed with a stable outlook. The negative outlook for Elia Group and Eurogrid reflects S&P's view that Elia Group's and Eurogrid's adjusted FFO to Debt could decline below S&P's guidance for its ratings due to the recently announced CAPEX update as well as the revised financial policy targets.
S&P Global affirms Elia Group, Eurogrid and ETB's BBB+ rating and revises the outlook to negative for Elia Group and EurogridPDF -317.89 KB
S&P Global confirme la notation BBB+ d'Elia Group, d'Eurogrid et d'ETB et revoit la perspective à négative pour Elia Group et Eurogrid (in French)PDF -334.29 KB
S&P Global bevestigt de BBB+ rating van Elia Group, Eurogrid en ETB en herziet de outlook naar negatief voor Elia Group en Eurogrid (in Dutch)PDF -318.45 KB
Regulated information
This heading provides access to Elia Group's press releases dealing with regulated information, including the annual report, financial report, quarterly information and minutes of general meetings
Elia System Operator SA published this content on 22 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2022 17:11:04 UTC.
Elia Group SA/NV is the Belgian transmission system operator, transmitting electricity efficiently, reliably and securely from producers to distribution system operators and major industrial users. The group is responsible for importing and exporting electricity from and to neighbouring countries.
Elia Group SA/NV owns the entire Belgian very high voltage grid (150 to 380 kV) and some 94% (ownership and user rights) of the Belgian high-voltage grid (30 to 70 kV). The grid is a key link between electricity markets in northern and southern Europe. It also links Belgian producers and consumers. Belgium's recent investment in interconnection capacity with its neighbours makes it one of the most open and interconnected grids in Europe.
Elia Group SA/NV has recently expanded its activities on a broader European level and, following its acquisition of the German TSO 50Hertz and in cooperation with Industry Funds Management (IFM), is now one of the top five transmission system operators in Europe.
ELIA GROUP NV/SA 
