The Uniper emblem is seen in entrance of the utility’s agency headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay

BERLIN, July 29 (Reuters) – Scores company S&P affirmed Uniper’s (UN01.DE) long-term credit standing at BBB- with a adverse 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 greatest in German company historical past, nonetheless wants approval from the European Fee and the backing of Uniper shareholders. learn extra

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

The assist of Germany’s federal authorities contributed to S&P’s choice to affirm the score, it stated in a press release.

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

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

($1 = 0.9792 euro)

Reporting by Victoria Waldersee in Berlin
Enhancing by Matthew Lewis

Our Requirements: The Thomson Reuters Belief Rules.