Cerved confirms B1.1 rating for Green Network
The B1.1 public rating assessment by Cerved Rating Agency describes in brief the capacity of the Green Network S.p.A. in meeting its financial commitments, issued pursuant to Regulation (EC) 1060/2009, its subsequent amendments and integrations, represents an opinion relating to credit.
Green Network S.p.A., founded in 2003, performs a key role in the gas & power free market. Its activities relate to trading, sale to end users, power generation from renewable sources and energy efficiency projects management. The company is a leading market player by total volumes sold.
The capital base is continuously strengthened because profits are reinvested in the company.
Green Network S.p.A. is the parent company of a group whose goal is to increase the sale of gas and electric power on the mass market – households and small businesses -, with the aim of improving the profitability of its client portfolio. To this end, the company will focus on activities such as cross-selling through partnerships with financial operators and others, availing of the web and augmenting the advertising investments. It is gradually doing away with the agencies.
The clearance process in Great Britain for operating in the retail market has ended. The hardware and software platforms have been completed for managing gas and power sales to end users. Operations were commissioned in mid-October 2016 with the goal of reaching the 100-thousand clients threshold during the first year of activities.