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NICE Ratings announced that it has simultaneously upgraded DL Energy's credit rating from 'A' to 'A+ (stable)'.
This move further demonstrates DL Energy's unrivaled business competitiveness and top-tier financial stability in the market.
Both credit rating agencies cited the stable performance and improved financial structure of its key subsidiary, Pochon Power, the expansion of investment returns from global power generation projects in the United States and Australia, and enhanced financial stability due to the full-scale recovery of investments as the main grounds for this rating upgrade in their evaluation reports.
Overseas power generation projects are also driving performance improvements. DL Energy holds power generation assets including the Millmerran power plant in Australia, as well as the Niles and Fairview power assets in the United States.
A DL&I official, speaking to this newspaper by phone, stated, "We believe this simultaneous credit rating upgrade is a formal recognition of our excellent market position in domestic and overseas power portfolios, stable investment returns, and exceptional financial stability."
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