Euler Hermes Rating bewertet die wpd AG mit A

Hamburg (ots) - Die Euler Hermes Rating GmbH bewertet die Bonität und

Zukunftsfähigkeit der wpd AG mit A. Die seit 2003 bestehende Ratingnotation wird

damit erneut bestätigt. Für die kommenden zwölf Monate wird eine stabile

Entwicklung des Ratings erwartet.

Die wpd AG verfügt über ein moderates Geschäftsrisiko. Positiv sind nach

Erachten der Ratingagentur ein hohes Maß an Stabilität und Nachhaltigkeit beim

Anlagenbetrieb. Bei der Projektierung bestehen hingegen Projektrisiken,

Abhängigkeiten von den Rahmenbedingungen und der Standortverfügbarkeit sowie ein

hoher Vorfinanzierungsbedarf. Die Einführung von Ausschreibungen führt zu einem

steigenden Wettbewerbs- und Margendruck. Aufgrund der Marktposition, der

internationalen Diversifizierung, der personellen und finanziellen Ressourcen

sowie der guten Vernetzung sieht die Ratingagentur wpd derzeit aber sehr gut

positioniert. In Zusammenhang mit der erfolgversprechenden strategischen

Ausrichtung und den finanziellen Puffern geht Euler Hermes Rating davon aus,

dass wpd die erhöhten Marktrisiken tragen kann. Das Finanzrisiko der wpd AG

schätzt die Agentur als gering ein. Positiv werden die sehr gute Ertragskraft,

die langfristig stabilen Einspeisevergütungen aus dem Betrieb, sehr hohe Erträge

und Cashflows durch Projektverkäufe sowie hohe Ertrags- und Liquiditätsreserven

im Eigenbestand beurteilt. Darüber hinaus bieten die zur Verfügung stehenden

liquiden Mittel und Kreditlinien eine sehr gute finanzielle Flexibilität.

Die Hauptgeschäftstätigkeit der wpd AG ist die Projektierung und der Betrieb von

Windenergieanlagen. Die wpd-Gruppe beschäftigte 2019 826 Mitarbeiter.

Die Euler Hermes Rating GmbH (Euler Hermes Rating) wurde 2001 als unabhängige

europäische Ratingagentur der Euler Hermes und Allianz Gruppe gegründet und

fokussiert sich auf das Rating von Emittenten und Emissionen. Euler Hermes

Rating ist gemäß der Verordnung (EG) Nr. 1060/2009 des Europäischen Parlaments

und des Rates als Credit Rating Agency (CRA) registriert und wird als External

Credit Assessment Institution (ECAI) bei der European Banking Authority (EBA)

geführt. Euler Hermes Rating ist eine Tochtergesellschaft von Euler Hermes, dem

weltweiten Marktführer im Kreditversicherungsgeschäft. Die Moody's Gruppe hält

eine Minderheitsbeteiligung an Euler Hermes Rating.

Weitere Informationen zu Euler Hermes Rating GmbH unter

http://www.eulerhermes-rating.com

Methodik

Dieses Rating wurde auf Basis der aktuellen Methode Emittentenrating der Euler

Hermes Rating GmbH erstellt, die unter eulerhermes-rating.com veröffentlicht

ist.

Euler Hermes Rating GmbH

© 2020 Euler Hermes Rating GmbH ("EHRG") and/or its licensors and affiliates.

All rights reserved.

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Weiteres Material: https://www.presseportal.de/pm/56312/4628888

OTS: Euler Hermes Rating GmbH