Fitch Ratings has upgraded Electrica's rating outlook from

 The international agency Fitch Ratings has improved the outlook of Electrica's rating from "negative" to "stable" and confirmed the long-term rating at "BBB-", Electrica announced on Friday."This positive evolution comes after a complex period, marked by global economic and energy challenges. Thus, Electrica's rating is similar to Romania's sovereign, but the company's outlook is better than the one attached to the sovereign rating, which remains "negative". In addition, there is the potential for Electrica's rating to become up to two notches higher than the sovereign," the press release informs.According to the cited source, from the first assessment carried out by Fitch Ratings in 2019 until 2022, Electrica had a higher rating than the sovereign, namely "BBB" with an initial "stable" and later "negative" outlook, compared to the sovereign rating of "BBB-".Since 2022, with the revision of Electrica's rating to "BBB-" with a "negative" outlook, the company's rating became "similar" to the sovereign until 2023, when the sovereign rating outlook was improved to "stable", according to company representatives.In December 2024, when the sovereign rating outlook returned to "negative", Electrica was again aligned with the sovereign rating."Electrica is carrying out an ambitious renewable energy investment program, with an estimated budget of approximately 1.6 billion RON until 2029. These investments aim to increase its own electricity generation capacity, thus ensuring effective protection against energy price volatility and contributing to the achievement of national energy sustainability objectives," the company's representatives say.In the 10 years since its listing, Electrica has registered significant growth, doubling the number of shareholders to over 13,700 in 2024. To date, Electrica share transactions have totaled approximately 6.2 billion RON, representing 4.7% of the liquidity registered in the last 10 years on the Main Market of the Bucharest Stock Exchange. Also during this period, it is worth highlighting the fact that Electrica invested over 6 billion RON in the modernization and expansion of the energy infrastructure.The Electrica Group is a key-player in the electricity distribution, supply and production market in Romania, as well as one of the most important players in the energy services sector. The Electrica Group offers services to approximately 3.9 million users and has a national coverage area - with organization in three areas for electricity distribution: Northern Transylvania, Southern Transylvania, Northern Muntenia, and throughout the country for electricity supply and for energy maintenance and services.Since July 2014, Electrica has been a company with majority private capital, listed on the stock exchanges in Bucharest and London.