trending Market Intelligence /marketintelligence/en/news-insights/trending/y_jkHucUuTJ9PUfF0DgmUQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

S&P upgrades Austria's Verbund, citing higher power prices, ongoing deleveraging

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years


S&P upgrades Austria's Verbund, citing higher power prices, ongoing deleveraging

S&P Global Ratings on Dec. 13 raised the long-term issuer credit and senior unsecured debt ratings of Austrian utility Verbund AG to A from A-. The outlook is stable.

"The upgrade is primarily the result of Verbund's ongoing deleveraging supported by improved realized power prices and cost measures," the rating agency wrote in a research update.

Ratings does not expect Verbund to make any large-scale strategic investments, after the utility on Nov. 29 withdrew its bid to acquire EDP - Energias de Portugal SA's 2-GW portfolio of hydro assets in Iberia, a deal valued at about €2 billion.

The rating agency expects Verbund's adjusted debt to be about €1.7 billion in 2019, compared with €2.2 billion at year-end 2018.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.