Moody's lifts Origin Energy view to stable

Moody's Investors Service said it revised the outlook on Origin Energy Ltd. and Origin Energy Finance Ltd.'s ratings to stable from negative.

Moody's also said it affirmed Origin Energy's Baa3 long-term and P-3 short-term issuer rating, as well as its Baa3 senior unsecured rating.

The change in outlook reflects an expectation that Origin will continue to build on its solid performance in the fiscal year ended June 2017 over the next 12 to 18 months, the agency explained.

This will increase the company's flexibility to manage the on-going challenges in the Australian gas and electricity markets.

On-going risks to the company include a renewed decline in oil prices, the agency said, and the uncertainty associated with Australia's carbon emissions policy.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.