Financial ratings group Fitch revised down to negative its outlook for wind OEM giant Siemens Gamesa Renewable Energy, citing coronavirus fallout and potential weaker links to Siemens after it joins a new spun-out energy group.
Fitch moved Siemens Gamesa’s outlook to negative from stable, noting that the company faces supply chain disruption and margin pressures, especially in the already low-margin onshore wind sector.
