Compagnia Valdostana delle Acque – Compagnie Valdôtaine des Eaux S.p.A. (‘CVA’) announces that the agency Moody's Ratings has completed the periodic review of its creditworthiness, confirming its Baa2 long-term rating with stable outlook.

The rating confirmation reflects the CVA Group's solid and resilient profile, based on:

• a low-cost and low-emission power generation, strongly focused on hydropower;
• a significant contribution to its EBITDA from its regulated electricity distribution activities and mostly subsidised renewable power-generation earnings, together representing around 13% of CVA's EBITDA in 2023.

The reaffirmed rating acknowledges the CVA Group’s robust industrial and financial profile and validates its corporate strategy focused on sustainability, expansion in the renewable energy sector, and deep local engagement.