Moody’s changes Kunlun view to stable

Moody’s Ratings said it changed the outlook on Kunlun Energy Co. Ltd. to stable from negative and affirmed the company’s A2 issuer rating, senior unsecured debt rating and baa1 baseline credit assessment.

“The outlook change reflects the improving trend in Kunlun Energy’s credit profile and financial metrics, driven mainly by continued growth in its city gas business, along with its manageable capital spending and dividend payments over the next 12-18 months,” said Boris Kan, a Moody’s vice president and senior credit officer, in a news release.

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