S&P lifts Vattenfall view to stable

S&P said it revised the outlook on Vattenfall AB to stable from negative.

The agency also said it affirmed the BBB+ long-term and A-2 short-term corporate credit ratings.

S&P also said it affirmed the K-1 short-term Nordic regional scale rating on Vattenfall.

The agency also said it affirmed the ratings on Vattenfall's senior unsecured debt at BBB+. subordinated debt at BBB and junior subordinated debt at BB+.

The outlook revision reflects several factors, which have improved Vattenfall's business mix and reduced its exposure to volatile merchant power activities, S&P said.

These factors include the sale of lignite assets completed in September 2016, which reduced exposure to negative political intervention, merchant power prices and carbon dioxide emissions, the agency said.

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