Credit rating agency Standard & Poor’s stated in its report, published on 2 April, that HEP’s operating performance reflects a recovery from energy crisis. Stable outlook mirrors Agency’s expectations that HEP will maintain targeted business indicators on a permanent level. They also include an opinion that the Croatian Government is highly likely to support HEP in case of distress. This is confirmed in the previous period through guarantees issued on the loans contracted during the energy crisis, as well as the compensation paid to HEP by the state, in order to remove the effect of price caps in the period from October 2022 onwards.
"We are satisfied with Standard & Poor’s improved outlook of HEP’s long-term credit rating. This is a confirmation of the fact that HEP’s cooperation with the Government and state institutions enabled our company’s stable business operations. It is also recognition for HEP’s efficient management of internal and external business indictors in a challenging environment. We view this credit rating as a positive sign to continue the investment cycle directed towards strengthening the generation portfolio as well as the overall business portfolio emphasising renewable energy sources, in line with corporate goals as well as national goals of energy transition”, said Vice Oršulić, the President of the Management Board of Hrvatska elektroprivreda d.d.