European utilities are struggling to transform their businesses to align with the EU’s renewables and carbon-reduction targets, and their challenges are often complicated further by country-specific issues, such as Germany’s decision to phase out all nuclear power over the next decade.
A raft of big players have seen their credit ratings downgraded in recent months, with Germany’s E.ON being lowered one notch by Standard & Poor’s to ‘A-’, while RWE and Dong have both been lowered further still to ‘BBB+’.
Ironically,
