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DONG Energy’s S&P rating placed on CreditWatch negative


Published Aug 14, 2012
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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.

Tags: DONG Energy




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