Multi-utility GDF SUEZ is unlikely to achieve and maintain a financial profile that would be commensurate with a higher rating. We are therefore revising our outlook to stable from positive and affirming the 'A/A-1' ratings on GDF SUEZ. The stable outlook factors in our view that GDF SUEZ will have a degree of financial flexibility within its current ratings. PARIS (Standard&Poor's) July 1, 2010--Standard&Poor's Ratings Services said today it revised the outlook to stable from positive on multi-utility GDF SUEZ S.A. and financing vehicle GIE Suez Alliance. At the same time, we affirmed the 'A/A-1' long- and short-term corporate credit ratings on GDF SUEZ and the 'A' rating on GIE Suez Alliance. We also revised the
