October 03, 2024 06:12 GMT
CREDIT UPDATE: National Grid (NGLLN Baa2/BBB): Pre-Close Update
CREDIT UPDATE
- Not a spread mover
- Released a Pre-Close update ahead of 7th Nov results
- Contribution to profit expected to be consistent with historical periods
- UK Electricity Transmission and Distribution evenly split across year with £70m additional from Electricity System Operator compared to guidance reflecting sale on 30th Sept
- US regulated business weighted to second half of year.
- NG Ventures 40:60 split between 1H & 2H
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