Edison: Moody's affirms Baa3 rating and changes the outlook to stable

Milan, June 5, 2023 – Edison informs that, on June 2nd, the rating agency Moody's affirmed the company’s long-term issuer rating Baa3 and changed the outlook to stable from negative following an equivalent change in the outlook of EDF’s rating (Baa1 long-term issuer rating). The affirmation of Edison’s Baa3 rating and the change in outlook reflects the strong improvement in the company’s credit profile, following the full exit from E&P activities and the strategic focus on gas and renewable capacity in Italy. 

This also takes into account the company’s solid and improving balance sheet; a positive momentum in earnings growth and stronger cashflow generation on the back of increased electricity generation capacity; the optimised flexibility and appropriate indexation of gas contracts; and the long-term exposure to wholesale power prices in Italy. 

The full text of Moody's press release is available on its site.

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CONTATTI

Ufficio Stampa

Elena Distaso

Telefono: +39 02 62228522
Cellulare: +39 338 2500609

Email: elena.distaso@edison.it

Lorenzo Matucci

Telefono: +39 02 62227806
Cellulare: +39 337 1500332

Email: lorenzo.matucci@edison.it

Davide Calvi  

Telefono: +39 02 62227834  
Cellulare: +39 337 1108265

Email: davide.calvi@edison.it

Marta Mazzacano 

Telefono: +39 02 62227049 
Cellulare: +39 335 7749819

Email: marta.mazzacano1@edison.it