Fitch affirms innogy

Fitch Ratings said it affirmed innogy SE's long-term issuer default rating at BBB+, with a stable outlook, and senior unsecured rating of A-.

It also affirmed innogy Finance BV's senior unsecured rating at A-.

“The rating affirmation reflects continued progress in innogy's planned acquisition by E.ON SE (BBB+/stable), with the first closing likely before end-2019,” the agency said in a news release.

Fitch said it aligns innogy's ratings with those of E.ON while also taking into account their standalone credit profiles.

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