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S&P downgrades Centrica to BBB+ with a stable outlook

Centrica plc notes that Standard & Poor’s Ratings Services today downgraded the long-term issuer credit and issue ratings of Centrica to BBB+ (stable outlook) from A- (negative outlook).

Centrica plc notes that Standard & Poor’s Ratings Services today downgraded the long-term issuer credit and issue ratings of Centrica to BBB+ (stable outlook) from A- (negative outlook) citing that despite the constructive outcome of the strategy review, and the belief that Centrica will successfully deliver the new strategy, sustained low commodity prices and a competitive retail environment remain.  The upgrade to stable outlook follows a year-long period of Centrica being on negative outlook.

Centrica continues to target strong investment grade credit ratings. Both Standard & Poor’s BBB+ (stable outlook) and Moody’s Investors Service Baa1 (stable outlook) ratings are consistent with this target.

ENDS

Enquiries:
Centrica Investor Relations    +44 (0) 1753 494900
Centrica Media Relations       0800 107 7014
 

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