Moody's assigns Baa3 rating to SSE's hybrid notes; stable outlook
Rating Action: Moody's assigns Baa3 rating to SSE's hybrid notes; stable outlook. Global Credit Research- 29 Jun 2020. London, 29 June 2020-- Moody's Investors Service has today assigned a Baa3 long-term rating to the Junior Subordinate Capital Securities to be issued by SSE plc.SSE is engaged in producing, generating, distributing and supplying electricity and gas, as well as other energy-related services, across the U.K. and Ireland. Co. has three principal business areas: Wholesale, which uses turbines to convert energy from gas, oil, coal, water and wind to generate electricity, trading in wholesale energy markets, and managing energy contracts; Networks, which transmits and distributes electricity and gas to homes and workplaces; and Retail, which supplies electricity and gas and related services to households and organizations.
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