News Column

DONG Energy - Outlook changed from 'negative' to 'stable' at Fitch Rating

February 26, 2014



ENP Newswire - 26 February 2014

Release date- 25022014 - Fitch Ratings has revised DONG Energy A/S's Outlook to Stable from Negative and affirmed its rating, BBB+, of DONG Energy.

In the rating statement issued by Fitch Rating, the credit bureau outlines the reason for the revised outlook as follows: 'The Outlook revision follows the recently completed DKK13bn (EUR1.7bn) capital increase, which was the last element of the company's 2013-14 Financial Action Plan. Thanks to the successful completion of this plan, which also included non-core asset disposals, cost reductions and restructuring of the Energy Markets division, DONG Energy has strengthened its credit metrics from the weak levels reported in 2012.'

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Source: ENP Newswire


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