HASI Secures Second Investment Grade Credit Rating
20 Maggio 2024 - 2:43PM
Business Wire
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading
investor in climate solutions, today announced it secured an
investment grade rating of BBB- from Fitch Ratings (“Fitch”), a
globally recognized leader in credit ratings and research. This
marks HASI's second investment grade rating from a major credit
rating agency. The Company has maintained an investment grade
credit rating of Baa3 from Moody’s Investors Service since June
2022.
In its report, Fitch stated that HASI’s upgrade reflects the
Company’s enhanced business profile, improved funding flexibility,
continued strong asset quality, solid operating performance, and
maintenance of leverage within the targeted range. The report also
cites the Company’s proven track record in the renewable energy
financing sector, large and profitable securitization platform,
enhanced liquidity, and experienced management team.
“Two investment grade ratings will enable our bonds to be
included in investment grade indices, increasing our access to
low-cost, long-duration debt capital," said Marc Pangburn, Chief
Financial Officer of HASI. "Achieving investment grade is a
testament to our strong financial position, consistent track record
of execution, and resilient business model.”
About HASI
HASI (NYSE: HASI) is a leading climate positive investment firm
that actively partners with clients to deploy real assets that
facilitate the energy transition. With more than $12 billion in
managed assets, our vision is that every investment improves our
climate future. For more information, please visit hasi.com.
Forward-Looking Statements
Some of the information contained in this press release is
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended that are subject to
risks and uncertainties. For these statements, we claim the
protections of the safe harbor for forward-looking statements
contained in such Sections. These forward-looking statements
include information about possible or assumed future results of our
business, financial condition, liquidity, results of operations,
plans and objectives. When we use the words "believe," "expect,"
"anticipate," "estimate," "plan," "continue," "intend," "should,"
"may" or similar expressions, we intend to identify forward-looking
statements.
Forward-looking statements are subject to significant risks and
uncertainties. Investors are cautioned against placing undue
reliance on such statements. Actual results may differ materially
from those set forth in the forward-looking statements. Factors
that could cause actual results to differ materially from those
described in the forward-looking statements include those discussed
under the caption “Risk Factors” included in our most recent Annual
Report on Form 10-K as well as in other periodic reports that we
file with the U.S. Securities and Exchange Commission
Forward-looking statements are based on beliefs, assumptions and
expectations as of the date of this press release. We disclaim any
obligation to publicly release the results of any revisions to
these forward-looking statements reflecting new estimates, events
or circumstances after the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240520970314/en/
Media: Conor Fryer media@hasi.com 443-321-5754
Investors: Neha Gaddam investors@hasi.com 410-571-6189
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