LLink Securities | S&P Global expects Iberdrola to continue operating “comfortably” within the financial margins of its “‘BBB+” credit rating with the implementation of its new 2024-2026 strategic plan, which it presented to the market last March, according to Europa Press. In a report, the rating agency estimates that the energy company will operate with a funds from operations (FFO) to net debt ratio of 19%-20%, above the 17% in line with its rating.
“We expect operating cash flow (EBITDA) to expand at a compound annual growth rate of around 5% over the period 2024-2026, providing sufficient cash flow for the company to sustain investments of €38.5 billion” it said.
