Iberdrola S.A.

News

• 28.11.2023
  Creditreform Rating has affirmed the unsolicited corporate issuer rating of Iberdrola S.A. as well as the unsolicited corporate issuer ratings of Iberdrola International B.V., Iberdrola Finance Ireland DAC and Iberdrola Finanzas S.A.U. at BBB+. Creditreform Rating has also affirmed the unsolicited corporate issue ratings of the long-term local currency senior unsecured notes issued by Iberdrola International B.V., Iberdrola Finance Ireland DAC and Iberdrola Finanzas S.A.U. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. The initial unsolicited short-term rating of Iberdrola S.A., Iberdrola International B.V., Iberdrola Finance Ireland DAC and Iberdrola Finanzas S.A.U. has been set to L3. For more details regarding the ratings, please refer to our update report below.
• 26.10.2022
  Creditreform Rating has affirmed the unsolicited corporate issuer rating of Iberdrola S.A. as well as the unsolicited corporate issuer ratings of Iberdrola International B.V., Iberdrola Finance Ireland DAC and Iberdrola Finanzas S.A.U. at BBB+. Creditreform Rating has also affirmed the unsolicited corporate issue ratings of the long-term local currency senior unsecured notes issued by Iberdrola International B.V., Iberdrola Finance Ireland DAC and Iberdrola Finanzas S.A.U. at BBB+. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings remains stable. For more details regarding the ratings, please refer to our rating report below.
• 23.12.2021
  Creditreform Rating AG confirmed the unsolicited corporate issuer rating of Iberdrola S.A. at BBB+. The outlook remains stable. The primary rating drivers contributing to the rating result are the Group´s solid financial profile, its high degree of revenues covered by regulated activities and long-term contracts and its geographically diversified asset and concession base. In order to retain its leadership position in the energy transition, Iberdrola wants to invest EUR 75 billion in the period between 2020 and 2025 and EUR 150 billion in the period up to 2030 to ensure the continuance of its energy transition. This will result in an acceleration of its investment program, leading to increasing cash-outflows that will exceed operating cash-flow generation and might put the rating under pressure. This would be the case in the event of a (sustained) deterioration in its credit metrics by increased indebtedness if the Group will not be able to find suitable equity solutions.
• 17.08.2020
  Creditreform Rating AG confirmed the unsolicited corporate issuer rating of Iberdrola S.A. at BBB+. The outlook remains stable for the time being. The primary rating drivers contributing to the rating result are the Group´s solid financial profile, its high degree of revenues covered by regulated activities and long-term contracts and its geographically diversified asset and concession base. During the first half of 2020 the impact of COVID-19 has remained limited. We expect a slight deterioration in the Group´s financial key figures for the 2020 business year caused by a small reduction in earnings and a slight increase in indebtedness due to COVID-19 and the Group´s extensive investment plan. However, we believe that the Group will be able to continue to develop positively and benefit from its business model and its growing asset base. We do not rule out a change in outlook if the situation regarding the COVID-19 pandemic would worsen.
• 16.05.2019
  Creditreform Rating has carried out an unsolicited rating of Iberdrola S.A. The rating has been set to BBB+ with stable outlook.