The rating has been withdrawn for business reasons following the repayment of the Fixed Rate Secured Notes with the total issue volume of € 275 million and the related interest costs.
The latest information on the rating, including rating reports and related methodologies, is available on this LINK .
Scope Hamburg has affirmed the A- issue rating of Solar Chest SA and has subsequently withdrawn the instrument rating. The withdrawal of the instrument rating follows the repayment of the last tranche (€ 100 million) and related accrued interest on 30 June 2022 of Fixed Rate Secured Notes that were issued for the acquisition of green certificates in 2015/2016 with an original issuance volume of € 275 million.
The A- affirmation of the instrument rating reflects company’s repayment of the last tranche of € 102.6 million (including accrued interest) on 30 June 2022.
Outlook and rating-change drivers
Not applicable as the rating has been withdrawn.
Stress testing & cash flow analysis
No stress testing was performed. Scope Hamburg performed its standard cash flow forecasting for the company.
More information you will find here