Moody's publishes an updated credit analysis of Latvenergo AS, the rating remains unchanged

The international credit rating agency Moody's Investors Service has updated Latvenergo AS credit analysis. The rating of Latvenergo AS remains unchanged Baa2 with a stable outlook. Consequently, on 7 August Moody's has published an updated Credit Opinion of Latvenergo AS. 

Apart from the financial sector, Latvenergo AS is the only company in Latvia with an investment grade rating assigned by international credit rating agency. The credit rating is used by local and international financial institutions for evaluating the company’s credit risk and it facilitates the company to attract financing on favorable terms. Moody's has been assigning the credit rating of Latvenergo AS since 2004 and it has been Baa2 with stable outlook since 2015.

The Credit Opinion published by Moody's is attached in the appendix.

Moody's Investors Service Credit Opinion 7 August 2020