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Industry Credit Outlook 2025: EMEA Utilities

Published Jan 14, 2025

11 pages (5720 words) — Published Jan 14, 2025

Price US$ 600.00 | Buy this Report Now

About This Report

Abstract:

S&P Global Ratings? Industry Credit Outlook 2025 series sets out our industry experts? assumptions and credit outlook for global industries. For EMEA Utilities, energy transition investments are reducing rating headroom.

Brief Excerpt:

...Conditions for U.K. water companies have taken a turn for the worse following Thames Water's demise. We expect the regulator's final determination to enable continued sector investment. Weaker economics decelerate the deployment of hydrogen and batteries and costlier nuclear and offshore wind make the transition less affordable than expected. High interest rates and grid capital expenditure (capex) test energy transition economics. For grids, strong and adapting regulations broadly offset risks associated with considerable leverage....

Report Type:

Commentary

Ticker

CTG@SM

Issuer

Naturgy Energy Group S.A.

GICS

Gas Utilities (55102010)

Sector

Global Issuers, Structured Finance

Country

Spain

Region

Europe, Middle East, Africa

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Industry Credit Outlook 2025: EMEA Utilities" Jan 14, 2025. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Industry-Credit-Outlook-2025-EMEA-Utilities-3307899>

APA:	S&P Global Ratings’ Credit Research. (). Industry Credit Outlook 2025: EMEA Utilities Jan 14, 2025. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Industry-Credit-Outlook-2025-EMEA-Utilities-3307899>

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