ACS SCE obtains the BBB credit rating from the S & P agency
April 24, 2018
ACS Servicios, Comunicaciones y Energía obtains the BBB credit rating from the S & P Madrid agency, April 4, 2018 The Standard and Poor’s rating agency has assigned ACS Servicios, Comunicaciones y Energía the BBB long-term corporate credit rating and short credit rating term A-2.
ACS SCE is dedicated to the development, construction, maintenance and exploitation of energy, industrial and mobility infrastructures and is 100% owned by ACS, Construction Activities and Services.
The company operates mainly in two business segments. The first, which represents 53% of the 6.3 billion euros of revenue in 2017, consists of the installation and maintenance of industrial infrastructure, energy, communications and control systems. The second, which accounts for 47% of 2017 revenues, focuses on the execution of integrated construction projects, mainly related to the energy sector.
ACS SCE has obtained by Standard & Poor’s the rating of BBB / A-2 thanks to its solid position in the market, good geographical diversification and optimal financial position and currently contemplates the issuance of green bonds for a value of 750 million euros to refinance large part of your financial debt. S & P has also assigned the BBB / A-2 rating to said bond issue. The purpose of the issuance of green bonds by ACS SCE is to refinance long-term equity contributions that are now supported by short-term financing and lines of credit in various “green” assets.
Specifically, wind farms in Peru, thermosolar plants in the USA and South Africa, hydroelectric generation plants, photovoltaic plants, transmission lines that exclusively evacuate renewable generation and various energy efficiency improvement assets in cities and the field of mobility. They will also be dedicated to future investments in the same areas described.