Tuesday, 02 January 2024 12:17 GMT

Ignitis Group Receives Baa1 Credit Rating From Moody's


(MENAFN- GlobeNewsWire - Nasdaq) AB "Ignitis grupė" (hereinafter – the Group) informs that the international credit rating agency Moody's Ratings (hereinafter – Moody's) has assigned an inaugural a Baa1 long-term rating to the Group, with a stable outlook (link ).

The assignment of the Baa1 rating marks the successful completion of the Group's inaugural rating process with Moody's. The Moody's rating complements the Group's existing BBB+ credit rating with a stable outlook from S&P Global Ratings, which was reaffirmed following the agency's annual review on 28 July 2026 (link ).

The two investment-grade credit ratings further strengthen the Group's financing strategy, enhancing funding flexibility, supporting diversified access to capital and reinforcing its ability to efficiently finance long-term investment programme.

The Group remains committed to maintaining a solid investment-grade credit rating over the 2026–2029 period (link ).

Further information regarding the Group's credit ratings is available here.

For additional information, please contact:

Communications
Valdas Lopeta
+370 621 77993
...


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GlobeNewsWire - Nasdaq

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