Elia Transmission Belgium SA/NV

News

• 27.10.2023
  Creditreform Rating has affirmed the unsolicited corporate issuer rating of Elia Transmission Belgium SA/NV at A. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Elia Transmission Belgium SA/NV at A. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings has changed from stable to negative. The initial unsolicited short-term rating of Elia Transmission Belgium SA/NV has been set to L2. For more details regarding the ratings, please refer to our update report below.
• 21.12.2022
  Creditreform Rating has affirmed the unsolicited corporate issuer rating of Elia Transmission Belgium NV/SA at A. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Elia Transmission Belgium NV/SA at A. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. Creditreform Rating has set the outlook to stable. The addition of Watch UNW has been omitted. For more details regarding the ratings, please refer to our press release below.
• 06.07.2022
  Creditreform Rating has set the unsolicited corporate issuer and issue ratings of A of Elia Transmission Belgium NV/SA and of the EUR-denominated long-term senior unsecured issues of Elia Transmission Belgium NV/SA on Watch UNW. The debt securities are included in the ECB's list of eligible marketable assets, which is available on the European Central Bank's website. An outlook is not applicable. For further details on the ratings, please refer to the press release below.
• 17.03.2022
  Creditreform Rating has affirmed the unsolicited corporate issuer rating of Elia Transmission Belgium NV/SA at A. Creditreform Rating has also affirmed the unsolicited corporate issue rating of the long-term local currency senior unsecured notes issued by Elia Transmission Belgium NV/SA at A. These issues are included in the list of ECB-eligible marketable assets, which can be found on the ECB's website. The outlook for the ratings has been changed to negative from stable. For more details regarding the ratings, please refer to our press release below.
• 08.07.2021
  Creditreform Rating AG assigned the unsolicited corporate issuer rating of Elia Transmission Belgium S.A. a rating of A with stable outlook. The primary rating drivers contributing to this rating result are the regulatory framework though which it generates most of its income, which is further enhanced through its monopoly status as the only transmission system operator in Belgium. These factors enable the Company to generate stable revenues, margins and cash flows. Additionally, the Company has a close relationship with the Belgian government via the shareholding of Publi-T in Elia Group S.A., its 100 percent parent company. The stable outlook is based on the current regulatory framework (2020 – 2023) and its renewed investment plan. We continue to assume that the stability and support offered by the regulatory framework required for the financing of these investments continues to be present and believe that the planned investments in the current investment plan will not lead to a significant change in leverage in the course of the next year (2021 / 2022). However, as the renewed investment plan foresees a significant increase in investments we believe that this might lead to a deterioration of the financial key figures in the medium term.