Quadgas Midco Ltd Quadgas Midco rating update (7943D)
June 23 2023 - 12:01PM
UK Regulatory
TIDM40KY TIDMTTM
RNS Number : 7943D
Quadgas Midco Ltd
23 June 2023
Quadgas MidCo Limited (the "Company")
(Legal Entity Identifier: 5493001Q86SVMGLT5D31)
23 June 2023
Developments in credit rating outlook published by S&P
Global Ratings
Quadgas MidCo Limited announces that S&P Global Ratings
("S&P") have issued a credit outlook update on the Company.
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
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