Centrica PLC — Capital/Financing Update 2019

Apr 2, 2019

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RNS Number : 9090U

Centrica PLC

02 April 2019

Centrica plc

('the Company')

2 April 2019

Outcome of Annual Review with Credit Rating Agencies

Centrica plc notes the result of its annual reviews with both Moody's Investors Service ("Moody's") and S&P Global Ratings ("S&P").

On 14 March, Moody's affirmed an unchanged rating of Baa1 (stable outlook).

On 2 April, Standard and Poor's downgraded the long-term issuer credit and issue ratings of Centrica to BBB (stable outlook) from BBB+ (negative outlook). This change in rating follows a three-year period of Centrica being on a negative outlook.

As part of its financial framework, the Company targets strong investment grade credit ratings. Centrica will be able to operate effectively at the revised rating, with the near-term impact expected to be limited to posting a small amount of additional collateral, in the form of letters of credit, on some commodity procurement and trading positions.

ENDS

Enquiries

Investor and analysts:         tel: +44 (0)1753 494900          email: ir@centrica.com

Media:                                    tel +44 (0)1784 843000         email:media@centrica.com

Centrica plc is listed on the London Stock Exchange (CNA)

Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD

Registered in England & Wales number: 3033654

Legal Entity Identifier number: E26EDV109X6EEPBKVH76

ISIN number: GB00B033F229

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