Danish integrated power and gas company DONG Energy A/S has issued additional €500 million junior subordinated hybrid securities due 3013 to further strengthen its balance sheet. We assess the securities as having "intermediate" equity content. We are assigning our 'BB+' issue rating to the securities to reflect their subordination and optional deferability. STOCKHOLM (Standard&Poor's) July 3, 2013--Standard&Poor's Ratings Services today assigned its 'BB+' long-term issue rating to the €500 million long-dated, optionally deferrable, and subordinated hybrid capital securities issued by Danish integrated power and gas company utility DONG Energy A/S (BBB+/Negative/A-2). The maturity date is in July 3013. The issuance of the new securities does not affect our view of the "intermediate" equity content of DONG
