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.