Fitch gives B- to DTEK Renewables

Fitch Ratings said it assigned Ukraine-based electricity generation company DTEK Renewables BV a long-term foreign currency issuer default rating of B- with stable outlook.

“The rating is underpinned by supportive regulatory framework for renewable power generation, highly profitable operations and the expectation that the forecast leverage increase will moderate once all assets are commissioned,” Fitch said in a news release.

“The rating is constrained by the lack of legal ring-fencing of the business within the larger group, the company's small size compared to other rated European utilities focused on renewables, some exposure to FX fluctuations and completion risks as projects are at different stages of execution.”

© 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.