S&P: RWE view now stable

S&P said it revised its outlook on RWE AG to stable from negative and affirmed the BBB-/A-3 long- and short-term corporate credit ratings on the company.

S&P also affirmed its BBB- issue rating on the senior unsecured debt guaranteed by RWE and the BB issue rating on RWE's junior subordinated debt.

“The outlook revision reflects our diminished concerns regarding RWE's financial flexibility following the successful listing and partial sale of its downstream business Innogy. As a result of the transaction, Innogy raised some €2 billion earmarked for future investment and RWE received €2.6 billion in proceeds for the sale of a 23.2% stake in the newly listed company,” S&P said in a news release.

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