Moody's affirms Origin Energy

Moody's Investors Service said it affirmed the Baa1 ratings of Origin Energy Ltd. The outlook remains negative.

The agency said the affirmation follows the company's announcement that the Australia Pacific LNG project has received board approval for the development of a second LNG train.

"Affirmation of the Baa1 rating reflects our view that the incremental execution risk arising from the expanded two-train project is manageable within the rating, based on the prudent funding structure for APLNG," said Spencer Ng, a Moody's analyst and assistant vice president in a news release.

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