OREANDA-NEWS. Fitch Ratings has affirmed Australia's Energex Limited's (Energex) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AA' with Stable Outlook and its Short-Term Foreign-Currency IDR at 'F1+'.

At the same time, Fitch is withdrawing all the ratings of Energex as it is no longer considered by Fitch to be relevant to the agency's coverage because the entity no longer holds long-term debt. This follows a reorganisation of its long-term debt following a merger of the two Queensland state-owned electricity distribution network businesses, including Energex, under a new parent holding company - Energy Queensland Limited.

RATING SENSITIVITIES

Rating Sensitivities are not applicable as the ratings have been withdrawn.