Prysmian: S&P Global Ratings Assigns Investment Grade Rating

MILAN, ITALY – 06/06/2023 – 6:34 PM – PRICE SENSITIVE

“This important achievement represents a further enabler of our sustainable growth strategy, underpinned by structural drivers like energy transition, electrification and digitalization”, says CFO Pier Francesco Facchini

Prysmian S.p.A. informs that it has been assigned an investment grade rating by S&P Global Ratings. The Group received a BBB- long-term issuer credit rating with a stable outlook.

“The investment grade rating is a very important achievement and a further confirmation of the financial solidity of Prysmian Group. This step is even more meaningful in the current financial markets, with ongoing inflationary pressure and a much higher level of interest rates, and represents a further enabler of our strategy of sustainable growth”, stated Chief Financial Officer Pier Francesco Facchini.

Prysmian Group growth strategy is underpinned by structural drivers such as the growing electrification, the accelerating transition to renewable sources and the roll-out of fiber networks, contributing to the growth of most of its business segments.

“Our sound track record of growing cash flows has resulted in a constant reduction of the financial debt and will further strengthen our financial position in the coming years, at the same time allowing us to capture the significant growth opportunities that lie ahead of us”, concluded Pier Francesco Facchini.

The agency report is available at https://www.spglobal.com/ratings/en