Fitch downgrades Electrica to 'BBB-'; maintains negative outlook

Fitch Ratings has downgraded Electrica SA's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BBB' and maintained the Negative Outlook, a release from the financial assessment agency informs.The Standalone Credit Profile (SCP) of Electrica has also been revised to 'bbb-' from 'bbb'.''The rating actions reflect Electrica's extremely weak performance in 2021, due to abnormally high energy procurement costs needed to cover its ...

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