Creditreform downgrades Fluvius’s rating to ‘A stable’
On 16 August 2022, the rating agency Creditreform Rating (‘Creditreform’) downgraded Fluvius’s corporate rating from ‘A+ negative’ to ‘A stable’. This decision was driven, according to the rating agency, “by the combined effect of the more restrictive tariff methodology 2021-2024 and a more volatile macroeconomic environment, as evidenced by the rapidly rising inflation and interest rates, which will potentially increase the mismatch between allowed income and the Company’s operating and financing costs, exerting additional negative pressure on Fluvius’s results in the short-term”.
The one-year rating outlook is now stable, based on Creditreform’s assessment of the reduction in earnings and cash flows being reflected in the A rating.
More information can be found in the rating report (22 August 2022) on Creditreform’s website: