How Elevated Natural Gas Prices Affect European Regulated Utilities and Sovereign Credit Ratings

DBRS Morningstar released a commentary titled “How Elevated Natural Gas Prices Affect European Regulated Utilities and Sovereign Credit Ratings.” In this commentary, we discuss how the energy crisis in Europe has affected the ability of selected European regulated electricity utilities to pass through energy costs to their customers. Furthermore, we discuss the implications that government interventions to alleviate the price shock to customers have on sovereign credit assessments.