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15.08.2016 19:55:00
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Ervia -- Moody's upgrades Gas Networks Ireland's rating to A3; outlook stable
London, 15 August 2016 -- Moody's Investors Service (Moody's) has today upgraded to A3 from Baa1 the long-term issuer rating for Gas Networks Ireland (GNI), as well as the long term senior unsecured rating on the EUR500 million notes due 2017, originally issued by Ervia and novated to GNI in August 2015. Moody's has concurrently affirmed GNI's P-2 short-term issuer rating. The outlook on the long term ratings has been changed to stable from positive.
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