S&P stabilizes Solaben Luxembourg view

S&P said it changed its outlook for Solaben Luxembourg SA to stable from negative and affirmed the BBB+ rating on its €285 million of 3.758% bonds due 2034.

“The stable outlook reflects our view that Solaben's operating performance will remain strong, with generation consistently reaching 90% probability production (P-90) levels and financial metrics having a cushion to absorb volatility in electricity prices, while maintaining debt service coverage ratios (DSCRs) above 1.5x from 2026,” S&P said in a statement.

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