Link Securities | S&P Global Ratings has reaffirmed Iberdrola’s (IBE) credit rating of “BBB+” with a “stable” outlook, highlighting the company’s “comfortable financial margin” and its investment strategy focused on regulated networks and renewable energy, according to a report in El Economista on Wednesday.
In a report published on Wednesday, the firm highlights that Iberdrola will invest around €58 billion between 2025 and 2028, with two-thirds earmarked for networks in the United Kingdom and the United States, and the rest for renewable generation.
S&P Global views investments in regulated infrastructure positively, mainly in the United Kingdom and the United States. It also considers the recent €5 billion capital increase to be positive. ‘The capital injection improves our view of Iberdrola’s management and governance practices, as it illustrates a prudent approach to managing growth while protecting credit metrics,’ the rating agency said.
