RWE : Fitch upgrades RWE’s rating to BBB+ with stable outlook

Fitch Ratings has upgraded RWE's long-term rating by one notch to BBB+ with a stable outlook. The short-term rating was raised from F2 to F1 and the rating relevant to subordinated hybrid bonds was raised from BB+ to BBB-. Fitch acknowledged in particular RWE's focus on expanding renewable energies. Thanks to long-term contracts, the growth expected in this area will go hand in hand with stable revenues. This raises RWE's creditworthiness from the point of view of the rating specialists.

The rating agency considers the rigorous and reliable exit from coal as being a further key element in RWE's strategic realignment.