S&P gives BBB+ to Eurogrid

S&P said it assigned its BBB+ long-term issuer credit rating to Eurogrid GmbH.

The outlook is stable.

“Our rating reflects our positive assessment of Eurogrid's low-risk regulated earnings, moderated by relatively high debt and dividend payments, resulting in a bbb+ stand-alone credit profile (SACP). It also reflects our assessment of Eurogrid as a highly strategic subsidiary of Belgium electricity TSO Elia System Operator SA/NV (BBB+/stable/A-2),” S&P said in a news release.

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