Error message

Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1949 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/metatag/metatag.module).
Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1952 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/metatag/metatag.module).
Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1984 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/metatag/metatag.module).
Warning: Cannot use a scalar value as an array in metatag_page_build() (line 2009 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/metatag/metatag.module).
Warning: Cannot use a scalar value as an array in ctools_page_alter() (line 814 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/ctools/ctools.module).
Warning: Invalid argument supplied for foreach() in element_children() (line 6608 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/includes/common.inc).
Warning: Cannot use a scalar value as an array in drupal_render() (line 6065 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/includes/common.inc).
Warning: Cannot use a scalar value as an array in drupal_render() (line 6120 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/includes/common.inc).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/modules/block/block.module).
Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1949 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/metatag/metatag.module).
Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1952 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/metatag/metatag.module).
Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1984 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/metatag/metatag.module).
Warning: Cannot use a scalar value as an array in metatag_page_build() (line 2009 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/metatag/metatag.module).
Warning: Cannot use a scalar value as an array in ctools_page_alter() (line 814 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/sites/aceaar18/modules/contrib/ctools/ctools.module).
Warning: Invalid argument supplied for foreach() in element_children() (line 6608 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/includes/common.inc).
Warning: Cannot use a scalar value as an array in drupal_render() (line 6065 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/includes/common.inc).
Warning: Cannot use a scalar value as an array in drupal_render() (line 6120 of /var/www/installazioni_bilanci/acea/aceaar18-drupal-7.64-2019-03-12T12.34/includes/common.inc).

Risks relating to the rating

Access to the capital market and other forms of funding and the related costs, depends amongst other things on the Group's credit rating.

A reduction in the credit rating by rating agencies could represent a limiting factor for access to the capital market and increase collecting costs with the consequent negative effects on the equity, economic and financial standing of the Group.

Acea's current rating is shown in the following table.

Company	M/L Term	Short Term	Outlook	Date
Fitch	BBB+	F2	Stable	28/01/2018
Moody's	Baa2	Na	Stable	26/10/2018