EP Infrastructure has been assigned investment grade ratings from three major rating agencies
15. 3. 2018
These ratings have been issued by S&P Global Ratings (Preliminary BBB), Moody’s (Baa3) and Fitch Ratings (BBB-), all with a stable outlook.
EP Infrastructure, a.s. (“EPIF”), which is majority owned by Czech energy group Energetický a průmyslový holding, a.s. (“EPH”), benefits from (a) its stable and predictable highly cash-generative businesses, which are mainly regulated and/or long-term contracted, (b) large, diverse and well maintained infrastructure asset base and (c) strong presence in fast growing and low risk markets – Slovakia and the Czech Republic.
EPIF is a leading European utility operating critical energy infrastructure – gas transmission, gas and power distribution, heating infrastructure and gas storage – predominantly located in Slovakia and the Czech Republic. As traditional infrastructure, EPIF’s assets are regulated and/or long term contracted. EPIF has strong and committed shareholders – EPH (69%), and from February 2017 a consortium of global institutional investors managed by Macquarie Infrastructure and Real Assets (MIRA) (31%). In 2016 EPIF reported EBITDA of EUR 1.4 billion with sales reaching EUR 3.1 billion.
EPH is an energy group focused on energy infrastructure, power generation and long-term contracted renewable energy that owns and operates assets in the Czech Republic, Slovakia, Germany, Italy, the UK and Hungary. The group is comprised of over 50 companies that employ nearly 25,000 people and covers the complete value chain in the energy sector and currently operates total installed electrical capacity of 24.4 GWe.
MIRA is the world’s largest infrastructure asset manager with growing portfolios in real estate, agriculture and energy. As at 31 March 2017, MIRA managed approximately $A154 billion of assets on behalf of pension funds, sovereign funds, insurance companies and other investors.