(ADPnews) - May 21, 2010 - Fitch confirmed Thursday UK electricity and gas network operator National Grid's (LON:NG) long-term issuer default rating (IDR) of BBB with a "stable" outlook, its senior unsecured BBB+ rating and the short-term IDR of F2.
The agency also decided to keep the long-term IDRs of A- with a "stable" outlook assigned to National Grid Electricity Transmission plc (NGET), National Grid Gas plc (NGG) and National Grid Gas Holding plc (NGGH), as well as their short-term IDRs of F2.
The affirmation is based on Fitch's expectation that NG's credit metrics will not worsen on a mid-term scale following its announcement with respect to higher …
No comments:
Post a Comment