MUMBAI (Thomson Financial) - Fitch Ratings signalled it may upgrade Origin
Energy Ltd. and Contact Energy Ltd., after BG Group Plc. offered to takeover
Origin.
The agency placed Origin's 'BBB+' long-term issuer default rating and senior
unsecured debt rating, 'F2' short-term IDR and Origin Energy Contact Finance
No.2 Ltd's hybrid issue rating of 'BBB' on rating watch positive (RWP).
Contact's 'BBB+' long-term IDR and senior unsecured debt rating, 'F2'
short-term IDR and commercial paper rating of 'F2' are also placed on RWP.
Origin owns 51.4 percent of Contact.
TFN.newsdesk@thomsonreuters.com
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