Moody's: Origin unaffected

Moody's Investors Service said the announcement by Origin Energy on the non-binding heads of agreement between Australia Pacific LNG Pty. Ltd. and China Petrochemical Corp. for the sale of additional LNG have no immediate impact on Origin's rating or outlook.

The current outlook on Origin's Baa1 rating is negative, reflecting the uncertainty associated with the final funding structure for the previously announced single-train LNG project.

Moody's said that given that the sale agreement is conditional on the execution of binding agreements, regulatory approvals and final investment decision being achieved, there should be no impact.

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