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Moody's changes outlook on Gas Natural SDG's Baa2 ratings to positive; affirms ratings

Friday, 11 Jul 2014 10:48am EDT 

Gas Natural SDG SA:Moody's Investors Service has changed to positive from stable outlook on Baa2 ratings of company and its guaranteed subsidiaries.Concurrently Moody's has affirmed Baa2/Prime-2 issuer ratings of Gas Natural SDG, as well as guaranteed Baa2 and (P)Baa2 debt ratings of Gas Natural Capital Markets SA and Gas Natural Fenosa Finance BV and guaranteed Prime-2 short-term rating of Gas Natural Fenosa Finance BV.Outlook for all ratings is now positive.Rating action follows recent publication of Royal Decree Law 8/2014, which has cut returns for gas distribution, but has also reduced regulatory uncertainty in gas sector in Spain. 

Company Quote

27 Apr 2015