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

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OTS: Euler Hermes Rating GmbH

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