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S&P shifts ENN Energy view to positive
S&P said it revised its outlook for ENN Energy Holdings Ltd. to positive from stable and affirmed its BBB issuer rating.
The positive outlook on ENN Energy reflects the view that ENN’s parent ENN Natural Gas Co. Ltd. will continue to consolidate its strength over the next 24 months. “This assumes that the parent's proposal to acquire an LNG receiving terminal in China's Zhejiang province will use an appropriate level of equity financing,” the agency said in a press release.
If ENN Natural Gas can maintain its operating performance at the consolidated and its own level, S&P said it could upgrade the company.
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