INNIO’s credit rating upgraded to Ba3 by Moody’s

Moody's Ratings upgraded INNIO N.V.'s corporate family rating to Ba3 from B1 and changed the outlook to positive, reflecting the company's commitment to more conservative financial policies and strong operating performance. The upgrade includes the probability of default rating, instrument ratings for INNIO's term loans, and a revolving credit facility.

The company's net leverage stands at 2.7x, below its target of 2.0x, and it has a backlog of $6.6 billion, with revenue and adjusted EBITDA also increasing in 2026. Moody's anticipates the company's adjusted debt-to-EBITDA ratio to decline toward 4.0x by 2026 and expects it to generate more than $100 million of free cash flow in 2027.

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