Cerved Rating Agency S.p.A. re-confirms the B1.1 public rating of Green Network S.p.A.
The B1.1 Class rating is given to “a company that has an adequate ability to cope with financial commitments, which may be affected by serious and sudden changes in the economic and financial situations as well as the reference market. The credit risk is contained.”
The confirmation of the B1.1 rating is closely related to the balance sheet/financial position shown in 2016 by the Green Network Group.
The economic results achieved in 2016 reflects the management strategy aimed at redefining the group structure. Green Network will further streamline in the short – medium term; focusing on energy and gas sales in micro-business, SME’s and domestic markets. Thus to increase marginality; at the detriment of a contraction in business volumes.
2017 should benefit from the closure of cross-selling agreements with Conad, and the Sustainability Purchasing Group. As well as the start-up of retail activities in the UK, with the consequent expansion of its customer base.