On 28 October 2008, the International Credit Rating Agency Standard & Poor's, on the grounds of the decreased credit rating of the Republic of Lithuania, respectively downgraded the corporate long-term credit rating of Lietuvos Energija AB for borrowings in foreign currency from A- to BBB+, although the rating outlook was left unchanged, i.e. the on-watch negative. In order to resolve the credit watch placement, the credit rating agency has to analyze the overall financial credit strength of LEO LT, AB group. Ona Garniene Senior Accountant Phone 370 5 2782457
Lietuvos Energija AB credit rating for borrowings in foreign currency
| Source: Lietuvos Energija AB