JERA Global Markets Assigned an A+ Rating by R&I
16 Oct 2019
JERA Global Markets (“JERAGM”) was assigned with an A+ credit rating with stable outlook by the Japanese rating agency Rating and Investment Information, Inc. (R&I). This rating represents a one notch upgrade from the previous credit rating of “A”.
R&I cites this rating as a reflection of the creditworthiness of the entire JERA Group, which is also rated A+ with stable outlook recognizing that JERAGM is “extremely important for JERA’s business operations” and is essential in “helping the Group to diversify earnings sources”. This position has been enhanced by the integration of LNG business in April 2019 because JERAGM will help JERA achieve greater flexibility in LNG procurement, and mitigate the risk of contraction in thermal power generation demand for JERA.
This rating also confirms the company’s solid financial profile and operating performance backed by its shareholders, JERA and EDFT.