Credit rating of German wind turbine maker Eno Energy's cut to B - report
May 27, 2014 - Rating agency Creditreform has downgraded the credit rating on German wind turbine maker Eno Energy GmbH to B as the company has not released its 2013 annual report yet, daily Frankfurter Allgemeine Zeitung said on Monday.
On April 28, the rating agency suspended the BB+ rating, confirmed only a few days earlier, because Eno Energy did not publish its financial results on April 25 as scheduled. Back then, the wind turbine producer said the delay was due to change in its ERP system and the choice of a new audit firm. On May 12, the firm delayed the publication of its report, citing the same reason.
Eno Energy has not published the new rating and the its report yet.
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