Fitch Maintains Acea's Rating, Stable Outlook on Strong Business Profile

Fitch Ratings said Wednesday it affirmed its long-term issuer default rating on Acea (ACE.MI) at BBB+, with a stable outlook. The rating action reflects the Italian utility company's "robust and defensive" business profile following its asset-rotation strategy in 2024 and 2025, as well as an improvement in its debt capacity due to a lower business risk resulting from the sale of its supply business. Fitch also noted Acea's strong performance in 2025 and Italy's supportive water regulation as additional factors for the rating.