GEK TERNA Real Estate Construction S A : Credit Rating of GEK TERNA S.A.
April 07, 2021 at 02:58 am EDT
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GEK TERNA S.A. hereby announces that, according to the contractual obligations, of the two Corporate Bond Loan Programs (€120.000.000 and €500.000.000) of the company 'GEK TERNA HOLDING REAL ESTATE CONSTRUCTION S.A.', the creditworthiness of the Company has been reevaluated by ICAP Group S.A. as stable at the level A.
The Α-rating indicates very low credit risk and it is assigned to companies that are able to honor their obligations even under severe distressed conditions and therefore their credit worthiness is expected to continue to be high. Companies rated with Α are characterized by very strong financials, strong business growth and important market position.
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GEK Terna Holding Real Estate Construction SA published this content on 07 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2021 06:57:03 UTC.
GEK TERNA Holdings, Real Estate, Construction S.A. is a holding company organized around 5 areas of activity:
- electricity production (73,1% of net sales): from renewable energies and from natural gas ;
- infrastructure construction (21.3%): power plants, highways, etc.;
- infrastructure management under concession agreements (5.1%): highways, parking lots, etc.;
- production of industrial facilities and construction materials (0.4%): pylons, struts, wood constructions, cements, etc. ;
- real estate development and property management (0.1%).
Net sales are distributed geographically as follows: Greece (93.2%), Balkans (5.3%), Eastern Europe (0.8%) and others (0.7%).
GEK TERNA HOLDINGS, REAL ESTATE, CONSTRUCTION S.A. 
