STOCKHOLM (Standard&Poor's) Aug. 30, 2006--Standard&Poor's Ratings Services said today it revised its outlook on Denmark-based gas and electricity utility DONG Energy A/S to positive from stable. At the same time, the 'BBB+' long-term and 'A-2' short-term corporate credit ratings on DONG were affirmed. "The outlook revision reflects the prospects of a more rapid than expected recovery of DONG's financial profile after its major acquisitions of several Danish utilities," said Standard&Poor's credit analyst Magnus Pettersson. These acquisitions totaled Danish krone (Dkr) 25 billion ($4.29 billion), and were completed and approved in 2006. Although DONG's recent acquisitions could present a challenge to integrate, they also offer substantial potential for synergies. "A further track record of a
