Fitch Affirms Italian Utility Iren's Rating Amid New Strategic Plan

08:13 AM EST, 12/22/2025 (MT Newswires) -- Fitch on Monday affirmed Iren's (IRE.MI) long-term issuer default rating at BBB, with a stable outlook, citing the Italian multi-utility company's 2025-2030 "defensive" strategic plan. The rating agency noted the plan's focus on prudent funding and selective capital allocation, as the 6.4 billion-euro capex over the period is lower by 500 million euros than the prior strategy. The company's "strong business profile and high earnings visibility" also support the rating. The stable outlook, meanwhile, is based on Fitch's view that the company will maintain "ample" leverage headroom for the rating from 2025 to 2030.