Moody’s changes Origin Energy to positive

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

At the same time, the agency affirmed Origin Energy’s Baa3/P-3 long-term and short-term issuer rating, as well as its Baa3 senior unsecured rating.

Moody's also affirmed Origin Energy Finance’s Baa3/provisional Baa3 senior unsecured and senior unsecured medium-term note program and Ba2 preference stock ratings.

"The change in outlook to positive reflects Origin's deleveraging initiatives, which have strengthened its credit profile to a level that positions it strongly relative to our rating expectation," Moody's senior vice president Arnon Musiker said in a news release.

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