HASI Secures Second Investment Grade Credit Rating

By: Hannon Armstrong Sustainable Infrastructure Capital, Inc. via Business Wire

May 20, 2024 at 08:43 AM EDT

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced it secured an investment grade rating of BBB- from Fitch Ratings (“Fitch”), a globally recognized leader in credit ratings and research. This marks HASI's second investment grade rating from a major credit rating agency. The Company has maintained an investment grade credit rating of Baa3 from Moody’s Investors Service since June 2022.

In its report, Fitch stated that HASI’s upgrade reflects the Company’s enhanced business profile, improved funding flexibility, continued strong asset quality, solid operating performance, and maintenance of leverage within the targeted range. The report also cites the Company’s proven track record in the renewable energy financing sector, large and profitable securitization platform, enhanced liquidity, and experienced management team.

“Two investment grade ratings will enable our bonds to be included in investment grade indices, increasing our access to low-cost, long-duration debt capital," said Marc Pangburn, Chief Financial Officer of HASI. "Achieving investment grade is a testament to our strong financial position, consistent track record of execution, and resilient business model.”

About HASI

HASI (NYSE: HASI) is a leading climate positive investment firm that actively partners with clients to deploy real assets that facilitate the energy transition. With more than $12 billion in managed assets, our vision is that every investment improves our climate future. For more information, please visit hasi.com.

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