Gas Natural SDG S.A. Long-Term Rating Cut To 'A'; Short-Term Affirmed At 'A-1'; Outlook Stable - S&P Global Ratings’ Credit Research

Gas Natural SDG S.A. Long-Term Rating Cut To 'A'; Short-Term Affirmed At 'A-1'; Outlook Stable

Gas Natural SDG S.A. Long-Term Rating Cut To 'A'; Short-Term Affirmed At 'A-1'; Outlook Stable - S&P Global Ratings’ Credit Research
Gas Natural SDG S.A. Long-Term Rating Cut To 'A'; Short-Term Affirmed At 'A-1'; Outlook Stable
Published Feb 21, 2008
819 words — Published Feb 21, 2008
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Abstract:

MADRID (Standard&Poor's) Feb. 21, 2008--Standard&Poor's Ratings Services said today that it has lowered its long-term corporate credit rating on Spanish utility Gas Natural SDG, S.A. to 'A' from 'A+' following a review of the group's 2008-2012 strategic plan. At the same time, the 'A-1' short-term corporate credit rating was affirmed. The outlook is stable. "The downgrade reflects our view that Gas Natural's strategic plan is not compatible with an 'A+' rating, due to an expected weakening in the group's business and financial profile and credit protection measures," said Standard&Poor's credit analyst Ana Nogales. We also expect a gradual increase in the business risk of the group, with an expected reduction of the domestic regulated

  
Brief Excerpt:

RESEARCH Gas Natural SDG S.A. Long-Term Rating Cut To 'A'; Short-Term Affirmed At 'A-1'; Outlook Stable Publication date: 21-Feb-2008 Primary Credit Analyst: Ana Nogales, Madrid (34) 91-788-7206; ana_nogales@standardandpoors.com Secondary...

  
Report Type:

Ratings Action

Ticker
CTG@SM
Issuer
Gas Natural SDG, S.A.
GICS
Gas Utilities (55102010)
Sector
Global Issuers
Country
Spain
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Gas Natural SDG S.A. Long-Term Rating Cut To 'A'; Short-Term Affirmed At 'A-1'; Outlook Stable" Feb 21, 2008. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Gas-Natural-SDG-S-A-Long-Term-Rating-Cut-To-A-Short-Term-Affirmed-At-A-1-Outlook-Stable-631903>
  
APA:
S&P Global Ratings’ Credit Research. (). Gas Natural SDG S.A. Long-Term Rating Cut To 'A'; Short-Term Affirmed At 'A-1'; Outlook Stable Feb 21, 2008. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Gas-Natural-SDG-S-A-Long-Term-Rating-Cut-To-A-Short-Term-Affirmed-At-A-1-Outlook-Stable-631903>
  
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