TenneT Germany Secures Inaugural Investment-Grade Ratings

TenneT GmbH & Co. KG, known as TenneT Germany, has successfully completed its initial ratings process, securing a Baa1 long-term issuer rating with a stable outlook and a P-2 short-term issuer rating from Moody’s. This achievement establishes the company’s investment-grade status across Moody’s, S&P, and Fitch, setting the stage for its debt capital market debut.

The ratings reflect TenneT's regulated business model and robust financial setup, providing a solid foundation for accessing capital markets. The company is executing one of Europe’s largest grid expansion programs, crucial for energy transformation and integrating renewable energy. CFO Dr Markus Binder emphasizes these ratings as a strategic milestone, enabling diversified financing.

TenneT Germany is now preparing for its debut bond issuance, aiming to engage fixed-income investors with its credit story and financial strategies in the upcoming weeks.