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 2017
603 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
(ELE:PA), dem weltweiten Marktführer im Kreditversicherungsgeschäft.
Die Moody's Gruppe hält eine Minderheitsbeteiligung an Euler Hermes
Rating.

Weitere Informationen zu diesem Rating finden Sie unter
www.eulerhermes-rating.com.

© 2018 Euler Hermes Rating GmbH ("EHRG") and/or its licensors and
affiliates. All rights reserved.

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Pressekontakt:
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Friedensallee 254
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