15 April 2019
Moody’s credit rating upgrade for Origin
Origin Energy Limited (Origin) notes the decision by Moody’s Investor Services (Moody’s) today to upgrade its long-term senior unsecured credit rating for Origin Energy Limited to Baa2 (stable) from Baa3 (positive).
At the same time Moody’s upgraded the long-term senior unsecured credit rating for Origin Energy Finance Limited to Baa2 (stable) from Baa3 (positive).
Origin’s Chief Financial Officer Lawrie Tremaine said, “Origin welcomes this decision by Moody’s to upgrade the company’s credit rating, which reflects the efforts in recent years to materially reduce debt and improve business performance.
“Origin continues to focus on reducing debt and improving shareholder returns. With the company approaching its target capital structure, we reinstated dividends in the current financial year, with a fully franked 10 cent per share interim dividend.”
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Price review outcome and update on FY2021 guidance
Origin Energy Limited (Origin) has provided the following update on earnings guidance for the year ended 30 June 2021 (FY2021), following an adverse outcome on a domestic gas contract price review, combined with a further deterioration in Energy Markets’ operating conditions.