Energy Absolute gets rating upgrate to ‘A-‘ from TRIS Rating
Play
TRIS Rating has upgraded the company rating of Energy Absolute Plc (EA) from “BBB+” to “A-”.
The upgrade reflects the enlarged cash flow from its power portfolio and the improvement in its financial profile, said TRIS Rating in a release on Monday.
At the same time, TRIS Rating affirmed EA’s partially guaranteed debenture at “A-” and fully guaranteed debentures at “AA”.
The debentures are guaranteed by Siam Commercial Bank PLC (SCB), which is rated “BBB+” (International scale) by S&P Global Ratings.
