On Aug. 30, 2006, Standard&Poor's Ratings Services 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, for a total of Danish krone (Dkr) 25 billion ($4.29 billion), and which were completed and approved in 2006. The ratings on DONG reflect the group's strong position in the Danish energy market position integrating gas, electricity, and heating operations; access to competitive gas supplies; and significant regulated operations in gas and electricity.
