Moody's: AGL's half year 2017 results are credit positive but within expectations, ratings unaffected
Sydney, February 09, 2017-- Moody's Investors Service says that AGL Energy Ltd's results for the half year ended 31 December 2016, while credit positive, are within Moody's expectation, and consequently have no impact on its Baa2 issuer rating or stable outlook. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. SUCH USE WOULD BE RECKLESS AND INAPPROPRIATE.AGL Energy is a renewable energy company, serving customers throughout eastern Australia. Co. has four segments: Energy Market, which sells electricity, natural gas, and energy related products and services to consumer market, business and wholesale customers, servicing approximately 3.7 million customer accounts as of June 30 2016; Group Operations, a diverse power generation portfolio; New Energy, which focuses on taking new and distributed technologies to market in Australia, including AGL Solar, and Distributed Energy Services such as Active Stream, its digital meter installation and data provider business; and Investment, which include investments in various energy related business.
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