London, 31 October 2014 -- Moody's Investors Service (Moody's) has today assigned Baa3/Prime-3 (P-3) long and short-term issuer ratings to Western Power Distribution Ltd (WPD Ltd), the main holding company for the four distribution network operators (DNOs) owned by the Western Power Distribution (WPD) group following a re-organisation. Concurrently, Moody's has affirmed (1) the Baa1 senior unsecured ratings of WPD Ltd's four subsidiary DNOs - Western Power Distribution (South Wales) plc, Western Power Distribution (South West) plc, Western Power Distribution (East Midlands) plc and Western Power Distribution (West Midlands) plc; and (2) the Baa3 senior unsecured ratings of two bonds originally issued by PPL WEM Holdings Limited (PPL WEM) and two bonds originally issued by PPL WW Holdings Limited (PPL WW), for which WPD Ltd has agreed to make all future payments as a co-obligor. The outlook on all of the ratings is stable.

Vollständigen Artikel bei Moodys lesen