Last checked at 13 Mar 2020 17:53
13 March 2020
Centrica plc
('Centrica')
Outcome of Annual Review with Moody's Investor Service
Centrica notes the announcement from Moody's Investor Service ("Moody's") that it is downgrading the issuer and senior unsecured long-term credit ratings of Centrica to Baa2 (stable outlook) from Baa1 (negative outlook).
This brings the Moody's ratings in line with the current BBB (stable outlook) rating from S&P Global Ratings ("S&P"). As a result, the impact of this change on Centrica and its operations is expected to be negligible
Centrica reaffirms that, as part of its financial framework, it continues to target strong investment grade credit ratings.
ENDS
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Centrica plc is listed on the London Stock Exchange (CNA)Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD
Registered in England & Wales number: 3033654Legal Entity Identifier number: E26EDV109X6EEPBKVH76ISIN number: GB00B033F229