Ratings

Standard & Poor's rating confirmed

On 23 April 2026, the rating agency Standard & Poor's (S&P) confirmed LUKB's rating of non-current liabilities of AA+. The rating for current liabilities remains unchanged at A–1+. This rating is the highest rating ever for current liabilities. S&P's outlook for LUKB's rating is stable.

31.12.2024

31.12.2025

30.06.2026

Current liabilities

A–1+

A–1+

A–1+

Non-current liabilities

AA+

AA+

AA+

Outlook

stable

stable

stable

Solid ESG ratings

The rating agency MSCI confirmed the AA rating for ESG risk on 1 June 2026. There were no changes to LUKB's other sustainability ratings in the first half of 2026.

31.12.2024

31.12.2025

30.06.2026

MSCI

ESG risk1)

AA

AA

AA

Inrate

ESG impact2)

B

B

B6)

Inrate

Corporate governance (zRating)3)

72

74

746)

Sustainalytics (Morningstar)

ESG risk4)

Medium

Medium

Medium6)

ISS

ESG impacts, risks & opportunities5)

Not Prime D+

Prime C

Prime C6)

1)Scale: AAA (best rating), AA, A, BBB, BB, B, CCC; rating confirmed as of 01.06.2026

2)Scale: A+ (best rating), A, A–, B+, B, B–, C+, C, C–, D+, D, D–

3)Scale from 100 points (best rating) to 1 point

4)Scale: «Negligible ESG Risk» (best rating), «Low ESG Risk», «Medium ESG Risk», «High ESG Risk», «Severe ESG Risk»

5)Scale: A+ (best rating), A, A–, B+, B, B–, C+, C, C–, D+, D, D–

6)not yet updated in 2026