Credit rating agency Fitch has affirmed its assessment to Eurohold Bulgaria AD’s Long Term Issuer Default Rating at ‘B’ with a stable outlook, as the Bulgarian holding informed in a statement.

“Fitch's assessment reflects reduced risk following successful refinancing of the debts at the group’s intermediate energy holding companies and the good performance of their subsidiaries.

Eastern European Electric Company B.V. (EEEC) and Еastern European Electric Company II B.V. (EEEC II), the subsidiaries through which Eurohold owns Electrohold Group’s units, have successfully refinanced ca. EUR 500 million of existing debt raised for the acquisition of CEZ Group's business in Bulgaria in 2021, its subsequent development and investments in the energy business (more here).

Fitch's rating assessment also reflects the increased profitability and decreased indebtedness of Eurohold’s energy subholdings as well as their good growth prospects”.