...December 17, 2020 - On Nov. 30, 2020, Czech-incorporated electricity utility Energo-Pro a.s. announced the successful commissioning of Turkish hydropower projects. The transaction will increase EBITDA at the level of Energo-Pro's parent company, DK Holding Investments (DKHI), by about 70 million-80 million annually from 2021, thanks to attractive U.S. dollar-denominated feed-in-tariff (FiT) for the next 10 years. - We continue to base our rating on Energo-Pro on the 'b+' group credit profile (GCP) for DKHI, and we view Energo-Pro as a core subsidiary of DKHI. - As a result, we are revising our outlook on Energo-Pro to stable from negative, and affirming our 'B+' long-term issuer credit rating on the group. We are also affirming our 'B+' issue rating on its senior unsecured debt. - The stable outlook reflects our expectations that consolidated funds from operations (FFO) to debt will remain above 12% from 2021 (corresponding to above 15% at Energo-Pro). DUBLIN (S&P Global Ratings) Dec. 17,...
