S&P Global Ratings released a new rating report on Uniper SE. The Research Update provides an updated view on Uniper's credit quality following the agreement on the amended stabilization package with the German Government and Fortum on 21 Sep 2022 and the cancellation of the planned gas surcharge on 30 Sep 2022.

S&P affirmed Uniper's long-term credit rating at BBB- with outlook negative. The outlook reflects the fact that the agreed stabilization package is still subject to regulatory approval processes, including by the EU Commission, as well as uncertainty around Uniper's future business prospects.

The strong support and significant increase of the German Government's ownership stake to about 99% under the amended stabilization package have resulted in an affirmation of the current rating despite S&P considering Uniper's stand-alone credit quality to have weakened.

The rating report is available for download on Uniper's website at: Capital structure & ratings | Uniper

About Uniper

Uniper is a leading international energy company, has around 11,500 employees, and operates in more than 40 countries. The company plans for its power generation business in Europe to be carbon-neutral by 2035. Uniper's roughly 33 GW of installed generation capacity make it one of the world's largest electricity producers. The company's core activities include power generation in Europe and Russia as well as global energy trading and a broad gas portfolio, which makes Uniper one of Europe's leading gas companies. In addition, Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply.

The company is based in Dusseldorf and is one of Germany's largest publicly listed energy supply companies.

This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.

Contact:

Oliver Roeder

Head of Sustainability & Financial Media Communication

Spokesperson

E: oliver.roeder@uniper.energy

T: +49 1 51-12 65 84 65

(C) 2022 Electronic News Publishing, source ENP Newswire