Standard & Poor’s has reaffirmed SSE’s credit rating as BBB+ and updated its outlook to ‘stable’.
S&P’s announcement follows reaffirmation from Moody’s on Tuesday 17 December of SSE’s Baa1 rating, with its ‘stable outlook’ unchanged.
The news from both agencies is reflective of the strength of SSE’s balance sheet, the resilience of its business mix, an increase in Group earnings coming from regulated electricity networks and its growing renewables portfolio.
"Reaffirmation of our strong investment grade credit ratings is welcome as we continue with our fully-funded plans to spend around £20bn out to FY27 on the renewables, electricity networks and system flexibility that is mission critical to government clean power ambitions."
Barry O'Regan, SSE Chief Financial Officer