TenneT Germany Achieves BBB+ Credit Rating with Stable Outlook

TenneT GmbH & Co. KG, known as TenneT Germany, has secured its first public long-term issuer credit rating of BBB+ from S&P Global Ratings, maintaining a stable outlook. The short-term rating stands at A-2, also with a stable outlook. This development marks a significant step in TenneT Germany's financing strategy, paving the way for its future capital markets endeavors planned for 2026.

The company's strong investment-grade credit quality is bolstered by solid equity commitments, a robust financial policy, and the support of prominent investors like Algemene Pensioen Groep, GIC Private Limited, and Norges Bank Investment Management. These factors collectively fortify TenneT Germany's capacity to finance its extensive infrastructure program, which is set to invest €13 billion annually over the next five years.

This investment initiative is crucial for expanding and modernizing Germany's transmission grid, integrating renewable energy sources, and ensuring a sustainable and reliable energy supply. The credit rating's confirmation further cements TenneT Germany's role in advancing one of Europe's largest energy infrastructure programs.