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Amprion GmbH: Moody’s Investors Service confirms “Baa1” rating for Amprion; outlook raised to “stable”

·3-min read

DGAP-News: Amprion GmbH / Key word(s): Rating/Miscellaneous
Amprion GmbH: Moody’s Investors Service confirms “Baa1” rating for Amprion; outlook raised to “stable”
25.07.2022 / 16:50
The issuer is solely responsible for the content of this announcement.

Moody’s Investors Service confirms “Baa1” rating for Amprion; outlook raised to “stable”

The transmission system operator Amprion GmbH ("Amprion") has received a rating of "Baa1" with a stable outlook from the rating agency Moody's Investors Service ("Moody's"). Moody's has hereby confirmed the existing rating of "Baa1" and raised the outlook from negative to stable; at the same time, the short-term rating of Prime-2 was confirmed. In June, the rating agency Fitch had already confirmed Amprion's credit rating with "BBB+" and a stable outlook.

According to Moody's, the rating decision reflects the expectation that Amprion's key credit metrics are expected to remain within the rating agency's revised guidance for the existing “Baa1” rating, despite the significant investment programme, particularly thanks to continued shareholder support. The stable outlook also expresses the expectation that Amprion will maintain its strong operational performance and efficiency going forward.

"We are pleased that Moody's reflects the challenges that arise from our legal and social mandate to enable the energy transition more appropriately. Our investments are based on the grid development plan approved by the Federal Network Agency. We are thus working on a legal basis and an assured earnings perspective for our investors." comments Peter Rüth, Chief Financial Officer.

You can read Moody's press release on the rating action on Moody's website at the following link.

For regular updates you can use the following link to subscribe to the Amprion Investor Relations Newsletter at the following link.

For further questions, please contact:

Patrick Wang
Head of Investor Relations
T +49 231 5849- 12297
ir@amprion.net


Amprion

Amprion GmbH is one of four transmission system operators in Germany. Our extra-high-voltage network is 11.000 kilometres long and transports electricity across an area that extends from Lower Saxony to the Alps. Around a third of Germany’s economic output is generated there. Our power lines are lifelines of society: They secure jobs and quality of life for 29 million people. We keep the network stable and safe – and prepare the way for a climate-compatible energy system by expanding our network. Around 2.200 employees in Dortmund and at more than 30 other sites help make sure the lights never go out. We also perform overarching operations for integrated grid systems in Germany and Europe.


25.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Amprion GmbH

Rober-Schumann-Straße 7

44263 Dortmund

Germany

E-mail:

capitalmarkets@amprion.net

Internet:

www.amprion.net

ISIN:

DE000A3JN9U5

Listed:

Luxembourg Stock Exchange (Euro MTF)

EQS News ID:

1405427


 

End of News

DGAP News Service

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