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RNS SSE Credit Rating Downgrade

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maximan
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RNS SSE Credit Rating Downgrade

#188256

Postby maximan » December 20th, 2018, 10:19 am

https://www.investegate.co.uk/sse-plc/r ... 16231011L/
SSE notes the decisions of both Moody's and Standard and Poor's to downgrade SSE's credit rating one notch following completion of both agencies' reviews which were announced in September 2018.

Gregor Alexander, Finance Director, SSE plc, said:

"We have had constructive discussions with both Moody's and S&P and understand why they have taken these decisions. A Baa1/ BBB+ credit rating is one of the strongest held by private sector utilities across Europe and it should not have a significant impact on our ability to secure funding at competitive rates.

On a down day SSE is up 6.5p as I post
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