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Fitch Ratings affirms the Enea's high and stable ratings

27.04.2015

Fitch Ratings has affirmed Enea's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BBB' and national long-term rating at 'A(pol)' with stable outlooks.

The ratings reflect a high share of the regulated distribution business in Enea's EBITDA, which contributes to cash flow predictability and stabilises cash flows at a time when another key segment, conventional power generation, is under pressure.

The ratings incorporate a balance of risks between a fairly stable regulated distribution segment and a generation business with a challenging operating environment, limited generation fuel mix diversification with a high reliance on coal and high asset concentration.

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