Moody's shifts Vattenfall outlook to negative

Moody's takes a negative outlook on Vattenfall due to the utility's forfeited heat concession in Hamburg, a lowered cap on Swedish returns and the postponement of Danish coastal offshore wind projects.
Vattenfall has spent years trying to become to green utility. But the Swedish company still fires with coal, for instance, here at the Moorburg plant in Germany. | Photo: Ritzau Scanpix/AFP/Patrik Stollarz
Vattenfall has spent years trying to become to green utility. But the Swedish company still fires with coal, for instance, here at the Moorburg plant in Germany. | Photo: Ritzau Scanpix/AFP/Patrik Stollarz

Vattenfall's clean energy transition is experiencing technical difficulties, assesses major credit rating bureau Moody's, which has thus downgraded its outlook on the Swedish utility from 'stable' to 'negative', the bureau informs in a statement.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading