Published: 2022-01-24 13:10:27 CET
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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 24 January 2022 Moody's has published an updated Credit Opinion of Latvenergo AS.

Riga, 2022-01-24 13:10 CET -- Latvenergo AS credit rating Baa2 is an investment grade rating. 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 favourable terms. Moody's has been assigning the credit rating to Latvenergo AS since 2004 and it has been Baa2 with stable outlook since 2015.

The Credit Opinion published by Moody's is available on Latvenergo website, in the section Investors/ Financial Information/ Rating.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 29 453 897

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process) and Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.