BERLIN (Reuters) – Scores company S&P affirmed Uniper’s long-term credit standing at BBB- with a damaging outlook on Friday, fulfilling one of many situations for Germany’s 15 billion-euro ($15.32 billion) bailout package deal of the fuel importer.

The package deal, among the many largest in German company historical past, nonetheless wants approval from the European Fee and the backing of Uniper shareholders.

It carries sure situations, together with that Uniper withdraw a lawsuit in opposition to the Netherlands over its coal phase-out in addition to a dedication by the Duesseldorf-based group to droop dividend funds at some stage in its stabilisation interval.

The help of Germany’s federal authorities contributed to S&P’s resolution to affirm the score, it mentioned in a press release.

The outlook damaging score signifies a possible downgrade is much less imminent or doubtless than was the case beneath Uniper’s earlier score of “CreditWatch damaging.”

“This outlook displays prevailing uncertainty surrounding fuel flows and the truth that particulars of the stabilisation package deal are nonetheless to be authorized,” S&P mentioned.

(Reporting by Victoria Waldersee in Berlin; Modifying by Matthew Lewis)

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