S&P maintains BBB+ rating for Iberdrola

Iberdrola buybacks operationsIberdrola headquarters

S&P Global confirmed the long-term credit rating “BBB +”, with a “stable” outlook for Iberdrola, backed by “solid” operating performance in 2018 and in 1Q2019.

The rating agency highlighted the group’s solid track record in executing its growth strategy in networks and renewables, while maintaining its credit metrics in line with expectations for the “BBB +” rating.

Thus, it considers that the update of its strategic plan 2018-2022 announced last February, with an investment figure of 34bn euros, is positive for the credit quality of the group, since it is focused on strengthening its regulated activities of networks and expand your global renewable business