On 29 May 2012, the rating agency Fitch decided to withdraw its unsolicited ratings on DONG Energy’s debt instruments. Shortly thereafter, DONG Energy decided to temporarily prolong the Fitch ratings until 30 November 2012.
DONG Energy has now decided to prolong the ratings from Fitch and hence the ratings will not be withdrawn on 30 November 2012.
DONG Energy A/S has a ‘BBB+’ rating with stable outlook from Fitch. The outstanding senior unsecured bonds issued by DONG Energy A/S are rated ‘BBB+’ and the outstanding hybrid bonds issued by DONG Energy A/S are rated ‘BBB-‘. All with stable outlook.
DONG Energy will continue to be rated by Standard & Poor’s and Moody’s.
The information provided in this announcement does not change DONG Energy's previous financial guidance for the 2012 financial year or the announced expected investment level.
For additional information, please contact:
+45 9955 9560
Allan Bødskov Andersen
+45 9955 7996
DONG Energy is one of the leading energy groups in Northern Europe. We are headquartered in Denmark. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. We have approximately 7.000 employees and generated DKK 57 billion (EUR 7.6 billion) in revenue in 2011. For further information, see www.dongenergy.com.