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S & P upgraded the rating of PPC to "B" and looked forward to "stable"

2020-12-08 08:05:27 osc_ o9qsdhyv

• from “CCC+” Upgrade two gears to B

 

• Long term credit rating from “B-” Upgrade to “B”

 

• expect EBITDA Will grow significantly

Athens, Greece --( American business information )-- In its 2020 year 11 month 27 In the annual research update released today , The standard & poor's (S&P) take PPC Independent credit status of (SACP) from “CCC+” Up two grades to “B”, So that PPC The overall long-term credit rating is from “B-” Upgrade to “B”.

S & P says ,PPC The two-level upgrade of independent company's rating proves that , The company's strategic reorientation and improved fundamentals in the Greek energy market have changed its competitive position , Reduced past concerns about its liquidity and long-term sustainability .

“ Stable ” The outlook highlights S & P's expectations , namely PPC Will continue to implement its transformation plan , And get stable liquidity and higher profit margin .PPC Turn its power generation portfolio into lower CO2 (CO2) Strategic plan for emissions , Will improve its fleet competitiveness and long-term prospects .

As mentioned in its report , S & P expects , because PPC Accelerate the closure of its lignite power plant and change its competitive position in the retail market , As profitability improves , Its EBITDA (EBITDA) There will be a big increase in , Credit metrics will also improve .

 

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