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.

Further reading