Standard & Poor's Rating Services has today changed its long-term credit rating on DONG A/S to BBB+ from A-. The outlook is stable. At the same time, Standard & Poor's affirmed its A-2 short term corporate credit rating for the company.
DONG is very satisfied with the rating level, which is a natural consequence of the many acquisitions announced by DONG.
The rating is equivalent to ratings given to comparable energy utilities.
CEO Anders Eldrup: "I am very pleased with the rating from Standard & Poor's, which highlights DONG's strong credit standing. The rating is to be seen in the light of our agreement with Vattenfall and the following clari-fication of ownerships in the Danish electricity sector and our large investments in the Norwegian Or-men Lange gas field"
Investor Relations, Michael Steen-Knudsen, telephone +45 4517 1556
CFO, Carsten Krogsgaard Thomsen, telephone +45 4517 1566