Siemens Gamesa Renewable Energy (SGRE) has become the first wind turbine manufacturer to attain an investment-grade rating, the company claims.
SGRE obtained a BBB- long-term credit rating with a positive outlook from Standard & Poor’s, as well as a Baa3 outlook stable rating from Moody’s.
“We are very proud to have achieved an investment-grade rating from two agencies of the caliber of Standard & Poor’s and Moody’s,” comments David Mesonero, SGRE’s chief financial officer. “This is a significant milestone for Siemens Gamesa and a recognition of our achievements. The ratings confirm our financial and industrial strength and will enable us to continue diversifying and optimizing our funding sources.”