Cadent Finance plc
(Legal Entity Identifier: 5493005M8TJ0J6IMUF67)
23 June 2023
Developments in credit rating outlook published by S&P Global Ratings
Cadent Finance plc announces that S&P Global Ratings ("S&P") have issued a credit outlook update on Cadent Gas Limited.
On 23 June 2023, S&P affirmed the rating for the Company at BBB+ and revised the rating outlook to negative from stable, citing that the increased cost of inflation linked debt and higher interest rates will reduce headroom on the S&P credit metrics, specifically adjusted FFO/net debt.
The full text of the S&P report may be viewed at the press release section of www.standardandpoors.com.
For further information, please contact:
Tom Sacker
Director of Treasury, Corporate Finance and Planning
Cadent Finance plc
Pilot Way, Ansty
Coventry CV7 9JU
England
Email: gdtreasuryfrontoffice@cadentgas.com