Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/dong-energys-sp-rating-placed-on-creditwatch-negat.shtmlDONG Energy’s S&P rating placed on CreditWatch negative
Standard & Poor’s (S&P) has placed DONG Energy’s ‘A-‘ rating on CreditWatch with negative implications. The rating action is a consequence of the challenging
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Standard & Poor’s (S&P) has placed DONG Energy’s ‘A-‘ rating on CreditWatch with negative implications. The rating action is a consequence of the challenging gas and power markets.
S&P aims to resolve the CreditWatch placement within the next three months. S&P expects that any potential rating downgrade following this Credit Watch placement will be limited to one notch.
“DONG Energy has a solid credit profile and we are still above our rating target of a minimum rating of Baa1/BBB+. Even if today’s rating action would translate into a downgrade we are still in compliance with this target”, says Carsten Krogsgaard Thomsen, Acting CEO of DONG Energy.
