Fitch rates Wintershall Dea BBB

Fitch Ratings said it assigned Wintershall Dea GmbH an issuer default rating of BBB with stable outlook.

The agency said the rating of Wintershall Dea is supported by its oil and gas production strongly in the BBB rating category based on Fitch's criteria, a diversified production profile and low leverage.

Fitch said key rating constraints are the company's fairly high output from Russia and lower-rated countries in the Middle East and Africa and declining production in some European assets.

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