Moody's: Growth in Origin Energy's half-year results in line with expectations; ratings unaffected
Sydney, February 16, 2017-- Moody's Investors Service says that Origin Energy Limited's results for the fiscal half year ended 31 December 2016 were within Moody's expectations, and as such, will not immediately affect the ratings of Origin entities, including the Baa3 issuer rating, Baa3 senior unsecured rating and P-3 short-term issuer rating of Origin Energy Limited, and the Baa3 senior unsecured rating and Ba2 preference stock rating of Origin Energy Finance Limited.Origin Energy is engaged in the operation of energy businesses including: exploration and production of oil and gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas. Co. supplies energy to wholesale and retail energy markets in Australia and to the Asia Pacific region. Co. also has exploration and production operations in Australia and New Zealand, with exploration and production interests in the Otway, Bass and Cooper Basins in Australia, the Browse and Perth basins in Australia, the Bonaparte basin in north-western Australia, the Beetaloo Basin in the Northern Territory and the Taranaki and Canterbury Basins in New Zealand.
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