Our response to coronavirus

Find out how we're working to keep the lights on in Great Britain throughout COVID-19.

Group structure

The ratings set forth above are not a recommendation to purchase, hold or sell notes, that may be issued from time to time, inasmuch as the ratings do not comment as to market price or suitability for a particular investor. The ratings are based on current information we have given to the rating agencies and information obtained by the rating agencies from other sources. The ratings are only accurate as of the date hereof and may be changed, superseded or withdrawn as a result of changes in, or unavailability of, such information and, therefore, a prospective purchaser should check the current ratings before purchasing notes.

Information updated as at 11 November 2020.

Ratings shown are senior unsecured long-term ratings, or issuer/corporate ratings where there is no senior unsecured rating.

* Negative outlook