Credit Ratings

The risk ratings published on this page reflect independent assessments of the company's credit quality. The ratings consider factors such as operational performance, capital structure, regulatory profile, and conditions in the electricity sector. This information serves as a reference for investors to assess the level of risk associated with the company over different time horizons.

Investment Grade

Speculative Grade

Fitch Ratings

AAA

AA+

AA

AA-

A+

A

A-

BBB+

BBB

BBB-

BB+

BB

BB-

B+

B

B-

CCC+

2009

National Rating

2018

National Rating

Global Rating

2024

National Rating

Global Rating

National Rating
National Rating
Global Rating
Global Rating

Investment Grade

Speculative Grade

Standard & Poor's

AAA

AA+

AA

AA-

A+

A

A-

BBB+

BBB

BBB-

BB+

BB

BB-

B+

B

B-

CCC

2009

National Rating

Global Rating

2018

National Rating

Global Rating

2024

National Rating

Global Rating

National Rating
National Rating
Global Rating
Global Rating

Investment Grade

Speculative Grade

Moody's

AAA

AA+

AA

AA-

A+

A

A-

BBB+

BBB

BBB-

Ba1

Ba2

Ba3

B1

B2

B3

Caa1

2009

National Rating

Global Rating

2018

National Rating

Global Rating

2024

National Rating

Global Rating

National Rating
National Rating
Global Rating
Global Rating
Last Updated on May 30, 2026