Transmission system operator TenneT has agreed to sell a 25.1% stake in its German subsidiary to the German Government, facilitated by Kreditanstalt für Wiederaufbau (KfW), for approximately €3.3bn ($3.9bn). The transaction, which follows an earlier €9.5bn commitment from institutional investors including APG, GIC and Norges Bank Investment Management, is expected to enhance TenneT Germany's financial standing and support essential infrastructure management within the country. The sale will adhere to th ...

Core Viewpoint - Fitch Ratings has downgraded Fingrid Oyj's Long-Term Issuer Default Rating (IDR) to 'A' from 'A+' with a stable outlook, indicating a reassessment of the company's creditworthiness [1] Group 1: Rating Changes - Fingrid's Long-Term IDR has been downgraded to 'A' from 'A+' [1] - The Standalone Credit Profile (SCP) has been revised to 'a' from 'a+' [1] - Senior unsecured debt rating has been downgraded to 'A+' from 'AA-' [1] - The Short-Term IDR remains affirmed at 'F1' [1] Group 2: Company Overview - Fingrid is identified as Finland's transmission system operator, responsible for securing reliable electricity for customers and shaping a clean, market-oriented power system for the future [2]