Gorilla Technology gets first-time Fitch B- rating

Gorilla Technology Group Inc. has announced that Fitch Ratings assigned it a first-time Long-Term Issuer Default Rating of B- with a Positive Outlook.

• Fitch cited Gorilla’s position in the AI infrastructure market in South & South-East Asia, and said the main constraint is access to deployable power and GPU capacity.
• Fitch said deleveraging is supported by EBITDA growth, and expects dividends from Gorilla’s project SPVs to begin flowing to the parent from 2029 or earlier as project-finance debt is repaid.