London, 07 October 2015 -- Moody's Investors Service, ("Moody's") has today assigned a definitive Baa1 rating to GBP400 million of 0.90% Senior Unsecured Convertible Bonds due 2020 ("the Bonds") issued by National Grid North America Inc. ("NGNA"), a subsidiary of National Grid Plc. The Bonds mature in 2020 and allow the holder to receive either principal and accrued interest or a cash amount linked to the share price of National Grid Plc, at the holder's option. The outlook for the rating is stable.
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