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Fitch Puts DCC Energy on Rating Watch Negative on Impending Acquisition
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10:11 AM EDT, 09/23/2026 (MT Newswires) -- Fitch Ratings on Wednesday placed DCC Energy's (DCC.L) BBB long-term issuer default rating on rating watch negative after its shareholders approved Energy Capital Partners and KKR's 5.75 billion-pound-sterling buyout bid. The rating agency flagged a potential multi-notch downgrade over expectations that the multi-energy sales and distribution company will have a weaker credit profile after completion of the transaction, driven by likely higher leverage and constrained post-debt-service cash generation. Fitch intends to resolve the Rating Watch after the acquisition closes, which is slated for the first quarter of 2027.
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