Midroog (Moody's Affiliate) Upgrades Outlook to Positive, Assigns A2.il Rating to New Debentures

summarizeSummary

Enlight Renewable Energy received a positive outlook upgrade from Midroog (Moody's affiliate) for its bonds and an A2.il rating for its new Series 7 debentures, signaling stronger financial health and access to capital.

check_boxKey Events

• Credit Outlook Upgraded to Positive

  Midroog Ltd., an affiliate of Moody's, changed the rating outlook for Enlight Renewable Energy's outstanding bonds (Series 3-4, 6-8) from stable to positive.

• New Debentures Rated A2.il

  Midroog assigned an A2.il rating to the company's new Series 7 unsecured debentures, expected to be issued for up to 550 million par value.

• Strong Financial Position Cited

  The positive rating is supported by the company's strengthening capital base, expected commercial operation of material projects in the U.S., high cash flow certainty, and financial flexibility, including $979 million in liquidity as of March 31, 2026.

• Growth and Refinancing Strategy

  Proceeds from the new debentures will be used for refinancing existing debt and general business operations, supporting the company's substantial investment plan, which saw Capex of $1.8 billion in 2025.

auto_awesomeAnalysis

Midroog, an affiliate of Moody's, has assigned an A2.il rating to Enlight Renewable Energy's new Series 7 debentures and upgraded the outlook for all its bonds from stable to positive. This indicates improved creditworthiness, which can lower borrowing costs and enhance investor confidence. The proceeds from the new debentures will be used for refinancing existing debt and supporting ongoing business operations, aligning with the company's significant investment plan and projected EBITDA growth.