Moody's assigns a Baa3 Issuer Rating to Siemens Gamesa, outlook stable
Rating Action: Moody's assigns a Baa3 Issuer Rating to Siemens Gamesa, outlook stable. Global Credit Research- 06 May 2019. Frankfurt am Main, May 06, 2019-- Moody's Investors Service today assigned a first time Baa3 long term Issuer Rating to Spain-based wind turbine technology company Siemens Gamesa Renewable Energy, S.A..Siemens Gamesa Renewable Energy is a holding company. Through its subsidiaries, Co. is engaged in the business of renewable energy sources, primarily wind power but also including solar energy where its acts as a supplier and manufacturer of technological products, installations and services. Co. is organized along the lines of: promotion, construction and sale of wind farms, engineering, design, manufacture and sale of wind turbines, manufacture of thermic and photovoltaic solar components, promotion and sale of photovoltaic solar farms. Co. also participates in both Spanish and European working groups aimed at establishing priorities for its sector's research & development work.
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