Moody's Confirms EnBW's Rating, Outlook Amid Credit Profile Expectations

08:50 AM EDT, 07/30/2026 (MT Newswires) -- Moody's on Thursday affirmed EnBW's (EBK.F) Baa1 long-term issuer rating, with a stable outlook. The rating agency expects the German utility to maintain a credit profile in line with its rating category, despite a substantial ongoing capital expenditure program. For the stable outlook, Moody's noted expectations that EnBW will generate solid cash earnings through 2028 and that the company will continue pursuing a prudent financial policy.