BANGALORE (Thomson Financial) - Standard & Poor's Ratings Services said its
ratings on Origin Energy Ltd. and 51 percent owned subsidiary Contact Energy
Ltd. are immediately unaffected by Origin's request to halt trading of its
shares pending an announcement relating to BG Energy Holdings Ltd.'s takeover
proposal for Origin.
If Origin recommends the BG offer, the ratings on Origin and Contact are
likely to be placed on negative watch, S&P said.
The ratings on Origin and Contact will depend on which BG entity is making
the offer, how the offer will be funded, and BG's future plans for both
companies, the rating agency said.
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