LONDON (Standard&Poor's) Jan. 26, 2016--Standard&Poor's Ratings Services said today that its ratings and outlook on Danish integrated power and gas company DONG Energy A/S (BBB+/Stable/A-2) are unchanged following the group's decision, after a strategic review, to retain its oil and gas exploration and production (E&P) assets and make a 16 billion Danish kroner (€2.1 billion) write-down of these assets. The impairment of the E&P assets reflects prevailing low oil and gas prices and lower estimated reserves. Although these factors are likely to lead to lower operating cash flows from DONG Energy's E&P division, we see the company's oil and gas hedges as a mitigating factor in the near term. We also assume that DONG Energy will
