Fitch Affirms EDP's Rating on Credit-positive Business Plan

12:05 AM EDT, 04/21/2026 (MT Newswires) -- Fitch Ratings maintained the BBB long-term issuer default rating of EDP (EDP.LS), citing the company's recent strategy update. In a Monday note, the rating agency said the Portuguese renewable energy company's update was credit-positive and featured initiatives for net renewable expansion, pipeline visibility, and business profile resiliency. Fitch said the affirmed rating also factored in the moderate execution risk associated with the plan and the company's positions in Portugal and Spain. The outlook on the rating is stable.