Atlantica Yield leaves Abengoa past with rating upgrade

Abengoa
By Victor Jimenez
15 May 2017

Abengoa’s yieldco spinoff, Atlantica Yield, took a step further from its troubled Spanish major shareholder on Monday, having received its first double-B rating from Standard & Poor’s.

Atlantica shares rose from $19.5 each to $20.1 on Monday. On May 12, S&P had upgraded its corporate rating from B+ to BB- and its senior unsecured debt from BB to BB+. Share prices were at $19.9 on Thursday.

Atlantica has one bond listed in Luxembourg, a $255m ...

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