KELAG remains the dominant integrated utility in the Austrian State of Carinthia. The company continued its resilient operating and financial performance in 2010 and improved its already strong key credit ratios. We are affirming our 'A' rating on KELAG. The stable outlook reflects our expectation that KELAG's business and financial risk profile will stay commensurate with the current rating in the medium term. FRANKFURT (Standard&Poor's) May 24, 2011--Standard&Poor's Ratings Services said today it affirmed its 'A' long-term corporate credit rating on Austrian utility company KELAG. The outlook is stable. The rating affirmation reflects our view that KELAG's credit profile is commensurate with the 'A' rating and our expectation that it will remain in this rating category
