S&P ups Eesti Energia outlook to stable

S&P said it revised its outlook on Eesti Energia AS to stable from negative and affirmed the BBB long-term issuer credit rating on the company and the BBB issue ratings on its outstanding debt.

“The rating actions reflect Eesti Energia's sustained credit metrics in line with its bb+ stand-alone credit profile (SACP), supported by the company's reduced investment plans and relatively stable earnings from its regulated electricity distribution network,” S&P said in a news release.

“This mitigates pressure on earnings in the power generation segment owing to decreasing prices and rising costs.”

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