The E.ON Group has announced that it has recently commissioned the rating agency Fitch to give it a new rating, according to a release. Thus, E.ON will be evaluated by all three major rating agencies. Fitch offered E.ON a stable BBB+ rating, with the trust’s bonds being listed as low-risk A-.

E.ON has around 30 billion euro in bonds and annual long-term financing needs of around 2 to 4 billion euro. In addition, the company regularly accesses the bond market and other financial instruments. That’s why E.ON decided to additionally mandate Fitch Ratings to provide an on-demand assessment.

“The long-standing and reliable relationship with the rating agencies is a key factor in our successful financing activities. We believe that another rating, upon request, will give our investors additional visibility on E.ON credit and thus support our competitiveness for future financing activities,” says Marc Spieker, CFO E.ON SE.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.