Fitch Confirms Rating, Outlook on Romanian Utility Electrica

11:54 AM EDT, 09/14/2026 (MT Newswires) -- Fitch said Monday it affirmed Societatea Energetică Electrica's (ELSA.L, EL.RO) long-term issuer default rating at BBB-, with a stable outlook. The key drivers of the rating include the Romanian energy company's large investment program through 2031 and its shift toward renewables and storage. For the stable outlook, the rating agency noted its expectation that funds from operations net leverage will stay below the revised negative sensitivity and that the impact of Romania's drought-related electricity supply emergency remains manageable.