Investors
Information for institutional investors
Debt investor relations are managed by the National Gas Treasury Team. The information contained within this area is generally for institutional investors and financial analysts.
This team is the first point of contact for any debt-related queries and can be contacted through [email protected]
Group Structure

Credit Ratings
Senior unsecured credit ratings
Company | Fitch | Moody's |
|---|---|---|
| National Gas Transmission plc | A- (stable) | Baa1 (stable) |
Issuer credit ratings
Company | Fitch | Moody's |
|---|---|---|
| National Gas Transmission Holdings Limited | BBB+ (stable) | |
| National Gas Transmission plc | BBB+ (stable) | Baa1 (stable) |
OpCo RAR for the EMTN Programme
| Lock-up | Mar 23 | Sep 23 | Mar 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|---|---|---|---|
| OpCo RAR leverage | >72.5% | 60.1% | 55.4% | 58.1% | 59.6% | 58.2% | 58.3% | 58.1% |
Finance Documents
View our annual report, prospectuses, deed polls and other finance documents.
Finance Documents