Moody's Assigns First-time Rating, Outlook on Lithuania's AB Ignitis grupė

06:55 AM EDT, 08/31/2026 (MT Newswires) -- Moody's on Monday assigned AB Ignitis grupė (IGN1L.VS) a first-time long-term issuer rating of Baa1, with a stable outlook. The rating agency said the Baa1 rating combines a baa2 baseline credit assessment with a one-notch uplift, reflecting its expectation of strong support from the Lithuanian government. The state, through the Ministry of Finance, owns 74.99% of the energy company. Meanwhile, the stable outlook indicates Moody's expectation of the group maintaining an adjusted FFO/net debt and net debt/EBITDA consistent with its rating as it implements its investment plan.