| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for DTEK Renewables Finance BV > News item |
S&P puts DTEK Renewables on watch
S&P said it placed the B- rating on DTEK Renewables on CreditWatch with negative implications.
DTEK received only 18% of cash payments for its renewable electricity in March as of June 26th, and 7% between April and end-June. As of June, DTEK’s cash reserves were about €15 million (excluding about €130 million proceeds from the green bond issued in November), the agency said.
“If payments from the guaranteed buyer fail to resume by August 2020, we expect DTEK Renewables’ liquidity and credit metrics to tighten, despite significant curtailment of capital and operating expenditures (capex and opex),” S&P said in a press release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.