S&P gives BG Energy securities BBB+

Standard & Poor's said it assigned its BBB+ long-term issue rating to the proposed optionally deferrable and junior subordinated capital securities maturing in 2072 to be issued by BG Energy Capital plc and guaranteed by BG Energy Holdings Ltd. (A/stable/A-1).

The agency said that it considers the proposed securities to have "intermediate" equity content because they meet its criteria - for a period of five years - in terms of subordination and permanence, and deferability of coupons at the company's discretion.

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