Moody’s assigns a stand-alone Baa2 rating to innogy SE
Following innogy´s successful IPO in late 2016 Moody’s Investors Service (Moody’s) has today assigned issuer ratings of Baa2 (outlook stable) to innogy SE and innogy Finance B.V. (guaranteed by innogy SE). At the same time it upgraded to Baa2 from Baa3 the ratings of senior unsecured debt.
The rating reflects the low business risk of innogy with its three segments renewables, grid & infrastructure and retail. The improved credit quality of parent company RWE is also seen as supportive.
Bernhard Günther, Chief Financial Officer of innogy SE: “The rating by Moody´s underlines the solid investment quality of innogy. It will foster our role as an important issuer in the Debt Capital Market.”
Besides the Moody’s rating, innogy also has investment grade ratings from Fitch and Standard & Poor’s.