Amprion poses ‘significant execution risk’

Moody’s believes Amprion’s €3.3bn, 10-year capex programme ‘will not only burden the company’s financial performance, but also test its technical and managerial capabilities’. A consortium of institutional investors led by Commerz Real spent €1.3bn recently acquiring 74.9% of Amprion.

Moody’s, the ratings agency, awarded Amprion – Germany’s fourth-largest electricity network – an A3 rating with a stable outlook, but warned that the utility’s sizeable capex programme over the next decade will test the firm’s financial, technical and managerial capabilities.

“Over the next decade, Amprion plans a significant investment programme, which is estimated to amount to around €3.3

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