The affirmation reflects the utility's comfortable financial position and significant headroom for a lower rating. However, EVN is likely to use this headroom over the next few years in line with its more ambitious investment plan.

The affirmation reflects credit metrics developing in line with expectations, which provide continued support to the utility’s consistently strong financial profile.

The affirmation is driven by Scope’s unchanged view on EVN’s robust integrated business model and its consistently strong financial profile.

The affirmation is driven by Scope’s unchanged view on EVN’s robust business footprint in various utility segments and the group’s maintenance of a very solid financial profile over the next few years.

The rating is driven by EVN’s robust business footprint in various utility segments, a financial profile that is among the best of Europe’s integrated utilities, and its status as a government-related entity.