The rating agency has also assigned a “BBB-” (Investment Grade) rating to a potential bond issuance.
The corporate rating of Greening, a global and diversified company focused on renewable energy generation, project construction, and commercialization, has been updated by Ethifinance Ratings, which maintains its “BB” rating with a stable outlook.
The rating agency considers that Greening has a favorable business profile in an industry offering significant opportunities. Ethifinance also notes that the company has a solid competitive positioning, with an expanding international presence and good diversification across business lines.
Additionally, Ethifinance has granted a BBB- (Investment Grade) rating to a potential bond issuance. This bond issuance rating stands two notches above the corporate rating due to the guarantees provided by a renewable energy project portfolio and an adequate structure of financial commitments at different levels.
In this way, Greening continues to move forward with its 2024–2026 business plan, presented to the market in May 2024. This roadmap is enabling the company to advance in geographic, technological, and business line diversification, strengthening its resilience against potential slowdowns in different markets. Therefore, Greening has a strategy to minimize risks arising from relying predominantly on a single line of activity.