Moody's stabilizes Wintershall Dea view

Moody's Investors Service said it changed Wintershall Dea GmbH’s outlook to stable from negative.

"The stabilization of the outlook reflects Wintershall Dea's very low production costs as a result of its attractive production portfolio and reserves in combination with the ongoing global recovery of oil and gas demand restoring oil & gas prices above levels prior to the Covid 19 pandemic," said Janko Lukac, a Moody's vice president and senior analyst, in a press release.

Moody's also affirmed Wintershall Dea's ratings, including its Baa2 long-term issuer rating and the Baa2 ratings on the group's senior unsecured bank credit facilities. At the same time, Moody's affirmed the Baa2 ratings of the backed senior unsecured notes issued by Wintershall Dea Finance BV and the Ba1 rating of the backed subordinated notes issued by Wintershall Dea Finance 2 BV.

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