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European rating agency. Objective, transparent, independent.

Fluvius System Operator CVBA (Konzern)

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
A+ Outlook STA 26.07.2019 02.08.2019
A+ Outlook STA 17.01.2018 19.01.2018 16.01.2020
A+ Outlook STA 24.04.2017 25.04.2017 17.01.2018
A+ Outlook STA 18.01.2017 19.01.2017 17.01.2018
A+ Outlook STA 04.11.2016 11.11.2016 03.11.2017

News

  • 02.08.2019
    Creditreform Rating has confirmed the solicited corporate issuer rating of Fluvius cvba at A+. The outlook is stable. The primary reasons behind this decision are the company´s strategic importance for the region Flanders (Belgium), which increased as a result of the merger with Infrax, and the low business risk with a transparent and supportive regulatory framework. During the business year 2018 the overall stable development continued. The Group´s earnings were negatively impacted by non-recurring effects that were incurred following the VREG´s decision of August 2018. We continue to assume that the ultimate shareholders of Fluvius System Operator cvba (Flemish municipalities) will offer the company financial support if necessary. For the current year we expect an overall stable operative development.
  • 19.01.2018
    Creditreform Rating has confirmed the corporate rating of Eandis System Operator cvba at A+. The outlook is stable. Reasons behind the decision are the strategic importance of the company for the region Flanders (Belgium), its low business risk profile with a transparent and supportive regulatory framework (e.g. reduction of stock of unsold certificates, recovery of regulatory balance) and the high likelihood of extraordinary support of the regional authorities (ultimate shareholders) if necessary. The impacts of the current restructuring of the Flemish energy distribution sector, which foresees a merger with Infrax cvba and a possible partial integration of the "financing associations", remain to be seen. Within the framework of the merger by absorption of Infrax CVBA, Eandis System Operator CVBA changed its name into Fluvius System Operator CVBA since 1 July 2018. The current rating of former Eandis System Operator CVBA will be pursued by Creditreform Rating AG under the name Fluvius System Operator CVBA.
  • 25.04.2017
    Creditreform Rating has confirmed the unsolicited corporate rating of Eandis System Operator cvba at A+. The rating has been reviewed on the basis of the current rating methodology for government related corporates.