Credit Ratings

The issuer and security credit ratings held by the ScottishPower Group are as follows:

Moody's Standard & Poor’s Fitch
Company Issuer
Rating		 Outlook Issuer
Rating		 Outlook Issuer
Rating		 Outlook
Scottish Power Limited Baa1 Stable BBB+/A-2 Stable BBB+/F2 Stable
Scottish Power UK plc Baa1/P-2 Stable BBB+/A-2 Stable BBB+/F2 Stable
Scottish Power Energy Networks Holdings Limited BBB+/A-2 Stable
SP Distribution plc Baa1 Stable BBB+/A-2 Stable
SP Manweb plc Baa1 Stable BBB+/A-2 Stable
SP Transmission plc Baa1 Stable BBB+/A-2 Stable
ScottishPower Energy Management Limited Baa1 Stable BBB+/A-2 Stable
ScottishPower Energy Retail Limited Baa1 Stable BBB+/A-2 Stable
ScottishPower Investments Limited Baa1 Stable BBB+/A-2 Stable
ScottishPower Renewables (WODS) Limited Baa1 Stable

Warning: this table was last updated on 06 July 2022. The ratings may be revised, suspended or withdrawn at any time by the relevant rating agency.