On 13.09.2024 the international credit rating agency Moody's Investors Service reaffirmed Latvenergo AS credit rating at Baa2 with a stable outlook (the announcement can be found here: https://latvenergo.lv/en/pazinojumi/zina/moodys-affirms-latvenergo-rating). Accordingly, there is published an updated Credit Opinion of Latvenergo AS.

Moody's has been assigning the credit rating to Latvenergo AS since 2004 and it has been Baa2 with stable outlook since 2015. 

The Credit Opinion published by Moody's is available on Latvenergo website, in the section Investors/ Financial Information/ Rating. 

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 29 453 897
E-mail: investor.relations@latvenergo.lv 

www.latvenergo.lv 

About Latvenergo 

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable. 

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process), Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation) and Latvijas vēja parki SIA (development of wind parks in Latvia). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.