S&P: MOL Hungarian unaffected

Standard & Poor's said that its ratings and outlook on MOL Hungarian Oil and Gas plc (BBB-/stable/-) are unchanged following the group's bid to acquire Energia e Servizi for between €0.6 billion and €0.9 billion.

The deal would push MOL's adjusted debt levels to €3 billion, reducing rating headroom for further debt-financed acquisitions or buybacks, S&P said.

This could be mitigated by expected strong free cash flows, but rating pressure could arise depending on the pace of further acquisitions and buybacks, the agency said.

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