National Grid's Treasury team maintain frequent contact with Moody's Investor Services (Moody's), Standard and Poor's Rating Services (S&P) and Fitch Ratings and ensure that the agencies are kept aware of significant developments in the Group.
Senior members of National Grid's management team also meet with these agencies formally, usually at least once in each fiscal year, to discuss the anticipated performance of the Group.
Moody’s | S&P | Fitch | |
---|---|---|---|
Lead Analysts | Philip Cope +44 20 7772 5229 |
Gustav B Rydevik Béatrice de Taisne |
Yeshvir Singh |
National Grid plc | Baa2 / P2 | BBB / A2 | BBB / -- |
National Grid Holdings One plc1 | NR | BBB+ / A2 | NR |
National Grid Electricity Transmission plc1 | Baa1 / P2 | BBB+ / A2 | A- / F2 |
National Grid Electricity System Operator Ltd | Baa12 / --- | NR | NR |
National Grid Gas Holdings Limited1 | NR | BBB+ / --- | A- / --- |
National Grid Gas plc1 | Baa1 / P2 | BBB+ / A2 | A- / F2 |
National Grid North America Inc. (formerly NGHI) | Baa2 / P2 | BBB / A2 | NR |
National Grid USA | Baa2 / P2 | BBB / A2 | NR |
Massachusetts Electric Co.1 | Baa1 / P2 | BBB+ / A2 | NR |
New England Power Co.1 | A3 / P2 | BBB+ / A2 | NR |
Niagara Mohawk Power Corporation | Baa1 / --- | BBB+ / A2 | NR |
The Brooklyn Union Gas Company (KEDNY) | Baa2 / --- | BBB+ / --- | BBB+ / --- |
KeySpan Gas East Corporation (KEDLI) | Baa1 / --- | BBB+ / --- | A- / --- |
Boston Gas Company1 | Baa1 / --- | BBB+ / --- | NR |
National Grid Generation LLC1 | Baa22 / --- | BBB / --- | NR |
National Grid Electricity Distribution plc | Baa2 / --- | BBB / A-2 | NR |
National Grid Electricity Distribution (East Midlands) plc | Baa1 / --- | BBB+ / A-2 | NR |
National Grid Electricity Distribution (South Wales) plc | Baa1 / --- | BBB+ / A-2 | NR |
National Grid Electricity Distribution (South West) plc | Baa1 / --- | BBB+ / A-2 | NR |
National Grid Electricity Distribution (West Midlands) plc | Baa1 / --- | BBB+ / A-2 | NR |
1Company given Corporate Credit Rating by S&P
2Issuer Rating
* Negative outlook