S&P revises A2A to stable

Standard & Poor's said it revised its outlook on A2A SpA to stable from negative and affirmed its BBB/A-2 long- and short-term corporate credit ratings.

At the same time, the agency removed the UCO identifier from the ratings, which it placed on March 26.

S&P said the outlook revision reflects that, although it now regards A2A's business risk profile as "satisfactory" rather than "strong," the company has an impressive track record of deleveraging that has led us to regard its financial policy as "positive."

A2A remains exposed to persistently challenging conditions for conventional power generation operations in Italy, despite its considerable efforts to reduce its cost base. In particular, in the agency’s base case, it anticipates that A2A will face declining power prices.

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