Moody's changes to stable the outlook on Eesti Energia's A1 rating

Today, 13 September., Moody's Investors Service has changed to stable from positive the outlook on the long-term issuer and senior unsecured A1 ratings of Eesti Energia AS, following an earlier decision by Moody's to change the outlook to stable from positive on Estonia’s A1 foreign currency and bond ratings. The agency affirms the P-1 short-term rating. Based in Tallinn, Estonia, Eesti Energia is the country's 100% state-owned vertically integrated utility. For the fiscal year ending March 2007, it recorded sales of EUR482 million and operating income of 585 MEUR. Additional information:
Iveri Marukashvili
Eesti Energia
Press officer
Tel.: 71 51 218
GSM: 53 411 813
e-post: [email protected]