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Credit rating agencies revise Ørsted outlook

Richard Heap
November 3, 2023

S&P Global and Fitch have threatened to downgrade the credit rating of Danish utility Ørsted after the company reported a €3bn loss in its third-quarter results.

The ratings agencies warned they have revised their views of the company's management and governance in response to worse-than-forecast results. S&P Global said it could lower Ørsted's rating one notch to BBB in early 2024, while Fitch also revised its view on the company.

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