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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Strategic partnership with Octopus Energy to transform Origin’s retail business
Origin Energy Limited (Origin) has established a strategic partnership with fast-growing United Kingdom retailer and emerging technology business Octopus Energy (Octopus) to transform its retail operations delivering a radical improvement in customer experience, a material reduction in costs, and opening up future growth opportunities.