Credit Profile

Credit Ratings

Credit ratings and outlooks are opinions subject to ongoing review by the rating agencies and may change from time to time based on Atlantica Sustainable Infrastructure’s financial performance, industry dynamics, and other factors.

 

Agency Rating Outlook Last Review
Standard & Poor’s BB+ Stable June 15, 2023
Fitch Ratings BB+ Stable August 30, 2023

Corporate Debt as of December 31, 2023

US $ in millions1 Maturity Amounts2
Credit Facilities (Revolving Credit Facility)3
(Other facilities)4
2025
2024-2028
54.4
53.3
Green Exchangeable Notes5 2025 110.0
2020 Green Private Placement6 (€ denominated) 2026 318.7
Note Issuance Facility 20207 (€ denominated) 2027 152.4
Green Senior Notes8 2028 396.0
Total 1,084.8

(1) Exchange rates as of December 31, 2023 (EUR/USD = 1.039).
(2) Amounts include principal amounts outstanding, unless stated otherwise.
(3) As of September 31, 2023, letters of credit with face value in an amount equal to $54.4 million were outstanding and $378.1 million was available under the Revolving Credit Facility. The latter has a total limit of $450 million.

(4) Other facilities include the Commercial Paper Program, accrued interest payable and other debt.
(5) Senior unsecured notes dated July 17, 2020, upon exchange, the notes may be settled, at our election, into Atlantica ordinary shares, cash or a combination of both.
(6) Senior secured notes dated April 1, 2020, of €290 million.
(7) Senior unsecured note facility dated July 8, 2020, of €140 million.
(8) Green Senior Unsecured Notes dated May 18, 2021, of $400 million.