HASI Receives Ratings Upgrade from S&P Global Ratings
ANNAPOLIS, Md.--(BUSINESS WIRE)--Jun 12, 2025--
HA Sustainable Infrastructure Capital, Inc. ('HASI,' 'We,' 'Our,' or the 'Company') (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced it has received an investment grade credit rating of BBB- from S&P Global Ratings ('S&P').
On June 11, 2025, S&P upgraded HASI's corporate and issuer credit ratings to BBB- from BB+ with a stable outlook. The Company has maintained an investment grade credit rating of BBB- from Fitch Ratings, Inc. ('Fitch') since May 2024 and an investment grade credit rating of Baa3 from Moody's Investors Service ('Moody's') since June 2022.
'Securing a third investment grade rating is a significant milestone that reflects our financial strength and the resilience of our business model,' said HASI Chief Financial Officer Chuck Melko. 'This achievement underscores our proven strategy and disciplined track record, and enhances our capacity to scale high-impact investments in energy transition projects while continuing to deliver long-term value to our stakeholders.'
In its report, S&P stated that the upgrade reflects the Company's scale and strength, fueled by HASI's steady business growth and asset quality. Despite macroeconomic headwinds in the sustainable infrastructure and energy sector such as tariffs and potential revisions to the Inflation Reduction Act, S&P expects HASI will continue to source investment opportunities at profitable yields, further noting that HASI primarily invests in stabilized projects with minimal construction risk, and that most of the Company's $5.5 billion 12-month pipeline are comprised of projects that are already under construction. Additionally, the report notes that energy demand has outpaced supply in recent years and highlights that HASI's 10-year track record suggests it is well-positioned to source investment opportunities in new sustainable infrastructure asset classes to address this demand.
More information regarding the Company's investment grade credit rating assignments can be found on the respective websites of the rating agencies or accessed directly through HASI's investor relations website at www.investors.hasi.com/fixed-income/credit-ratings.
About HASI
HASI is an investor in sustainable infrastructure assets advancing the energy transition. With more than $14 billion in managed assets, our investments are diversified across multiple asset classes, including utility-scale solar, onshore wind, and storage; distributed solar and storage; RNG; and energy efficiency. We combine deep expertise in energy markets and financial structuring with long-standing programmatic client partnerships to deliver superior risk-adjusted returns and measurable environmental benefits. HA Sustainable Infrastructure Capital, Inc. is listed on the New York Stock Exchange (Ticker: HASI). For more information, please visit hasi.com.
Forward-Looking Statements
Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. For these statements, we claim the protections of the safe harbor for forward-looking statements contained in such Sections. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. When we use the words 'believe,' 'expect,' 'anticipate,' 'estimate,' 'plan,' 'continue,' 'intend,' 'should,' 'may' or similar expressions, we intend to identify forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption 'Risk Factors' included in our most recent Annual Report on Form 10-K as well as in other periodic reports that we file with the U.S. Securities and Exchange Commission. Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. We disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250612518929/en/
CONTACT: Investor Contact:
Aaron Chew
[email protected]
410-571-6189Media Contact:
Kenny Gayles
[email protected]
443-321-5756
KEYWORD: UNITED STATES NORTH AMERICA MARYLAND
INDUSTRY KEYWORD: PROFESSIONAL SERVICES UTILITIES ALTERNATIVE ENERGY ENERGY FINANCE ASSET MANAGEMENT
SOURCE: HA Sustainable Infrastructure Capital, Inc.
Copyright Business Wire 2025.
PUB: 06/12/2025 07:00 AM/DISC: 06/12/2025 07:01 AM
http://www.businesswire.com/news/home/20250612518929/en
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
US stock futures fall after Israel attacks Iran
(Reuters) -U.S. stock index futures dropped on Friday after Israel's military strike on Iran escalated tensions in the oil-rich Middle East and battered risk sentiment across global markets. Israel's widescale strikes against Iran's nuclear facilities were aimed at preventing Tehran from building an atomic weapon. Iran has promised a harsh response and retaliated by launching 100 drones. The escalation of tensions in the Middle East - a major oil-producing region - sent oil prices surging more than 6% and U.S. energy stocks rose in tandem, with Chevron and Exxon advancing nearly 3% in premarket trading. The strikes come just days ahead of a planned sixth round of nuclear talks between Iran and the United States. Tensions had been building as U.S. President Donald Trump's efforts to reach a nuclear deal with Iran appeared to be deadlocked. U.S. Secretary of State Marco Rubio called the Israeli offensive a "unilateral action" and said Washington was not involved. At 04:32 a.m. ET, Dow E-minis were down 505 points, or 1.17%, S&P 500 E-minis were down 70.5 points, or 1.17%, and Nasdaq 100 E-minis were down 309.25 points, or 1.41%. A 1.6% slump in Russell futures pointed to sharp declines for domestically focused stocks. Airline stocks dipped as the surge in crude prices raised concerns about higher fuel costs. Delta Air Lines was down 3.9%, United Airlines dropped 4.8%, Southwest Airlines lost 2.5% and American Airlines declined 3.9%. Defense stocks rose, with Lockheed Martin up 4.7%, RTX Corporation up 5.5%, Northrop Grumman up 4.2% and L3harris Technologies up 4.3%. The S&P 500 still remains just 1.8% below its record high reached earlier this year, following stellar monthly gains in May driven by upbeat corporate earnings and a softening in Trump's trade stance. The tech-heavy Nasdaq is about 2.8% off its record closing high reached in December last year. Investors are now focused on the Federal Reserve's meeting scheduled next week where policymakers are expected to keep interest rates unchanged. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
an hour ago
- Forbes
Oil Prices Spike As Israel Strikes Iranian Nuclear Program
Global crude oil prices jumped sharply while US stock futures fell early on Friday after Israel conducted a round of military strikes against Iran's nuclear program and military leadership, marking a significant escalation of tensions in the Middle East region. People look over damage to buildings in Nobonyad Square following Israeli airstrikes in Tehran, ... More Iran. The global benchmark Brent Crude Futures index briefly touched $78 per barrel, up 13% from the previous day—the biggest single-day jump since the early days of Russia's invasion of Ukraine, according to Bloomberg. At the time of publishing, prices settled at $74.4 per barrel, which is more than 7% from the previous day. The U.S.'s West Texas Intermediate benchmark also surged by more than 7% to nearly $73 a barrel. US stock futures took a hit in early trading, with S&P 500 Futures slumping 1.2% to 5,977.50 points, while Dow Futures slid 1.15% to 42,816 points. The tech-focused Nasdaq futures fell nearly 1.5% to 21,833 points. This is a developing story.
Forbes
an hour ago
- Forbes
S&P 500 To Crash Post Israel Attack On Iran?
TEHRAN, IRAN - JUNE 02: Commander-in-chief of the Islamic Revolutionary Guard Corps, Hossein Salami ... More meets with Iranian President Masoud Pezeshkian in the Iranian capital Tehran on June 2, 2025. It was reported that Hossein Salami was killed during Israel's attacks on Iran. (Photo by Iranian Presidency/Handout/Anadolu via Getty Images) U.S. stock futures experienced declines following Israel's airstrike on Iran, with S&P 500 futures dropping approximately 1.6%. This immediate market response reflects the index's sensitivity to geopolitical developments that threaten global stability. The attack prompted Israel's defense minister to declare a special state of emergency, while Iran has vowed retaliation for the strike on its nuclear program. The Wall Street Journal reported that the head of Iran's Islamic Revolutionary Guard was killed in the attack. These escalating tensions have created uncertainty that typically weighs heavily on equity markets. On a separate note, see – Boeing Stock Faces Fresh Crisis After 787 Dreamliner Crash. The geopolitical crisis has triggered a flight to traditional safe-haven assets. Oil prices surged 9% following the attack, while gold prices also moved higher as investors sought refuge from equity market volatility. This pattern demonstrates how the S&P 500 and broader markets often move inversely to commodities during periods of heightened global tension. The current situation could echo the market dynamics observed during Russia's invasion of Ukraine in February 2022. Initially, the S&P 500 fell more than 7% in the days and weeks following that conflict's onset, driven by widespread investor fear about geopolitical instability and its economic implications. However, the index demonstrated remarkable resilience. Despite the dramatic initial sell-off, the S&P 500 recovered to pre-invasion levels within a month, even as oil prices remained elevated. This recovery highlighted the market's ability to absorb geopolitical shocks when direct economic exposure remains limited. Also, see the last six market crashes compared. The S&P 500 is expected to face increased volatility and potential downward pressure in the immediate term. If Iran retaliates and tensions escalate further, the index could experience additional selling pressure as investors remain risk-averse. However, historical precedent suggests the market's capacity for recovery once initial uncertainty subsides. The S&P 500's track record shows that while geopolitical events create short-term disruption, the index often normalizes as investors assess the actual economic impact versus perceived threats. The key factor will be whether ongoing tensions in the Middle East remain contained or escalate into a broader regional conflict with more significant global economic implications. So ask yourself the question: if you want to hold on to your positions, or will you panic and sell if the market falls 2%, or 5%, or see even lower levels? Holding on to your stocks in a falling market is not always easy. Trefis works with Empirical Asset – a Boston area wealth manager, whose asset allocation strategies yielded positive returns even during the 2008-09 timeframe, when the S&P lost more than 40%. Empirical has incorporated the Trefis HQ Portfolio in this asset allocation framework to provide clients better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
