Osaka Gas Co., Ltd.:Update following affirmation

Osaka Gas Co., Ltd.: Update following affirmation - Credit Opinion – 2024/04/25 – US$ 250.00 – ...Osaka Gas Co., Ltd.'s A1 rating reflects its strong market position in liquefied natural gas (LNG) transportation and distribution in the Kansai region, Japan's (A1 stable) second-largest metropolitan area which encompasses Osaka, with a solid earnings base from its gas utility business, a regulated pipeline business, and business opportunities from the deregulated electric utility sector. At the same time, the deregulation of the Japanese gas retail market has made revenues less predictable. Limited growth opportunities in its core gas business have led Osaka Gas to increase its exposure in non-utilities investments, in particular its businesses overseas, which raises its business risk. In addition, the growing investments needed to meet the company's decarbonization goals prevent leverage reduction and raise its execution risks over time....

Moody's affirms Osaka Gas' A1 ratings; outlook stable - Rating Action – 2024/04/22 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Moody's affirms Osaka Gas' A1 ratings; outlook stable (Japanese) - Rating Action – 2024/04/22 – US$ 180.00 – 5/5 Investors Service Rating Symbols and Definitions SPO SPO SPO PRC SPO 1PRC PRC 2PRC PRC 3PRC PRC PRC ...

Moody's assigns (P)A1 to Osaka Gas's domestic shelf registration (Japanese only) - Rating Action – 2023/11/09 – US$ 180.00 – ... Documents-Director and Shareholder Affiliation Policy" ...

Osaka Gas Co., Ltd.: Update to credit analysis - Credit Opinion – 2023/06/09 – US$ 250.00 – ...Osaka Gas Co., Ltd.'s (Osaka Gas) A1 rating reflects its strong market position in liquefied natural gas (LNG) transportation and distribution in the Kansai region, which is Japan's second-largest metropolitan area encompassing Osaka; and stable earnings from its gas utility operations. However, the deregulation of the Japanese gas utility sector has made revenue less predictable. Also, limited growth opportunities in its core gas business cause Osaka Gas to seek growth in non-utility investments, leading to an evolution in its business model....