EQS-News: ENCAVIS AG: SCOPE affirms Encavis AG’s investment grade issuer rating ‘BBB-‘, and the Outlook remains ‘Positive’
Hamburg, 27 July 2023 – The Hamburg-based wind and solar park operator Encavis AG (Prime Standard; ISIN: DE0006095003, ticker symbol: ECV), listed on the MDAX of Deutsche Börse AG, and its financing subsidiary Encavis Finance BV have been rated again by the European rating agency SCOPE Ratings (SCOPE) affirming the investment grade issuer rating BBB-.
- Hamburg, 27 July 2023 – The Hamburg-based wind and solar park operator Encavis AG (Prime Standard; ISIN: DE0006095003, ticker symbol: ECV), listed on the MDAX of Deutsche Börse AG, and its financing subsidiary Encavis Finance BV have been rated again by the European rating agency SCOPE Ratings (SCOPE) affirming the investment grade issuer rating BBB-.
- Concurrently, SCOPE has affirmed the ratings for senior unsecured debt at BBB-, subordinated (hybrid) debt at BB and short-term debt at S-2.
- SCOPE has the opinion that the decreasing share of subsidised projects will likely be compensated by growing outreach and improving granularity of Encavis’ own portfolio.
- To see the updated issuer report, as well as the rating history including SCOPE's initial public rating on Encavis AG and its debt-issuing subsidiary Encavis Finance BV on March 18, 2019, please click: