Moody’s changes Centrica view

Moody’s Investors Service said it changed to negative from stable the outlook on Centrica plc.

Concurrently, Moody's affirmed the Baa1 issuer and senior unsecured ratings, and the Baa3 junior subordinated debt ratings of Centrica.

The Prime-2 short-term commercial paper rating was also affirmed.

“The rating action follows Centrica's interim results announcement on July 30, 2019, which indicated a deterioration in the company's cash flows and its intention to dispose of its exploration and production (E&P) and nuclear businesses,” the agency said in a news release.

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