Euler Hermes Rating GmbH » News » Rating Actions » Euler Hermes Rating awards a BBB+ rating to the Fixed Rate Secured Notes issued by the Solar Chest S.A. with stable outlook

Euler Hermes Rating awards a BBB+ rating to the Fixed Rate Secured Notes issued by the Solar Chest S.A. with stable outlook

Euler Hermes Rating awards a BBB+ rating to the Fixed Rate Secured Notes according to issuance terms and conditions of 25 June 2015 with an issuance volume of € 275 million. The decisive factor for the issuance rating is the repurchase guarantee in respect of the green certificates purchased by Solar Chest from Elia in combination with the corporate rating of Elia as well as the statutory and regulatory framework.

> Summary of the Rating Rationale (PDF)