Update on Eesti Energia credit rating by Moody’s

Core Viewpoint - Moody's has affirmed Eesti Energia AS's credit rating at Baa3 while maintaining a negative outlook due to several constraints affecting the company's operations and market position [1] Group 1: Credit Rating and Outlook - The credit rating of Eesti Energia AS is affirmed at Baa3 [1] - The outlook remains negative, indicating potential challenges ahead for the company [1] Group 2: Constraints on Rating - The rating is constrained by the short remaining life of the oil shale-based electricity generation activities [1] - Ongoing earnings volatility in shale oil-related activities is attributed to fluctuations in commodity prices [1] - The company's relatively small size in Europe's evolving electricity markets further limits its rating [1]