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Our Credit Rating

A strong credit rating is important to ESB to ensure necessary financial flexibility to support our Net Zero by 2040 strategy. We have credit ratings from Moody’s and Standard and Poor’s and this rating ensures necessary predictability when it comes to funding access to relevant capital markets at favourable terms and conditions.

The credit ratings allocated to ESB by the Rating Agencies are as follows;

Credit Rating

A3 (Positive Outlook)

A- (Stable Outlook)

Agency

Moody's

Standard & Poor's

Date of Issue18 August 20249 August 2024

 

Analyst Information

ESB Credit rating

Moody's

Standard & Poor's

Lead Analysts

Phil Cope

E: phil.cope@moodys.com

T: +44 20 7772 5229

Renata Gottliebova

E: renata.gottliebova@spglobal.com

T: +353 (1) 568 0608

Long Term rating (Outlook)

A3 (Positive Outlook)

A- (Stable)

Short Term Rating

P-2

A-2

Senior Unsecured Rating

A3

A-

Northern Ireland Electricity Limited

Not Rated

BBB+/Stable/A-2

 

Ratings Reports

Standard & Poor's

W: www.standardandpoors.com

S&P Global Ratings for ESB August 2024

PDF | 161KB

Moody's

W: www.moodys.com

Moody's Press Release - Ratings change outlook on ESB to positive

PDF | 53KB

Moody's Credit Opinion for ESB September 2024

PDF | 712KB

Moody's comment on ESB Price Review 5 Determination

PDF | 1MB