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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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  • 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