DGAP-News: VERBUND AG / Key word(s): Rating VERBUND AG: Standard & Poor's A/stable outlook rating confirmed 2020-12-22 / 11:54 The issuer is solely responsible for the content of this announcement. VERBUND AG hereby announces that the Standard & Poor's rating committee has taken the decision to leave VERBUND AG's long-term rating unchanged at its current high level of A/stable outlook. VERBUND is thus once again among Europe's most creditworthy utilities. This is extremely encouraging, especially against the backdrop of the increasing growth CAPEX towards expanding the new renewable generation technologies and the strategic acquisition of a 51% stake in Gas Connect Austria. The positive evaluation reflects the Group's good strategic and sustainable position, and its long-term conservative financial policy and financial discipline. Contact: Andreas Wollein Head of Group Finance, M&A and Investor Relations T.: +43 (0)5 03 13 - 52604 F.: +43 (0)5 03 13 - 52694 mailto:investor-relations@verbund.com 2020-12-22 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: VERBUND AG Am Hof 6A 1010 Wien Austria Phone: 0043-1-53113-52604 Fax: 0043-1-53113-52694 E-mail: investor-relations@verbund.com Internet: www.verbund.com ISIN: AT0000746409 WKN: 877738 Indices: ATX Listed: Foreign Exchange(s) Vienna Stock Exchange (Official Market) EQS News ID: 1156918 End of News DGAP News Service 1156918 2020-12-22
(END) Dow Jones Newswires
December 22, 2020 05:54 ET (10:54 GMT)