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Moody’s Confirms ACEA’s ‘Baa2’ Rating with Stable Outlook

Story Highlights
  • ACEA operates in utilities, focusing on electricity and water distribution.
  • Moody’s confirms ACEA’s ‘Baa2’ rating, citing stable financials and regulatory framework.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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ACEA SPA ( (IT:ACE) ) has shared an announcement.

Moody’s has confirmed ACEA’s ‘Baa2’ rating with a stable outlook, following the company’s involvement in a new waste-to-energy plant project in Rome. This rating reflects ACEA’s stable financial parameters and the solid regulatory framework of its core activities, with the new project expected to have a modest impact on its credit metrics.

The most recent analyst rating on (IT:ACE) stock is a Buy with a EUR19.00 price target. To see the full list of analyst forecasts on ACEA SPA stock, see the IT:ACE Stock Forecast page.

More about ACEA SPA

ACEA is a company involved in the utilities industry, primarily focusing on electricity and water distribution. It operates with a diversified portfolio of regulated activities, ensuring predictability and stability in its earnings.

Average Trading Volume: 138,019

Technical Sentiment Signal: Buy

Current Market Cap: €4.33B

See more data about ACE stock on TipRanks’ Stock Analysis page.

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