Euler Hermes Rating affirms the BBB+ rating of the Fixed Rate Secured Notes with an issue volume of € 275 million maturing 2020-2022. The issue rating is largely based on Elia’s guarantee to repurchase green certificates that Solar Chest had previously acquired from Elia, Elia’s issuer rating and the legal and regulatory framework. We assigned Elia an issuer rating of A- on 11 July 2017.
|Rating history||Notation/outlook||Rating report|
|11.07.2017||BBB+ / stable|
|12.07.2016||BBB+ / stable|
|17.07.2015||BBB+ / stable|