OREANDA-NEWS. Fitch Ratings has affirmed Australia's Ergon Energy Corporation Limited's (Ergon) Long-Term Foreign-Currency Issuer Default Rating at 'AA' with Stable Outlook and its senior unsecured rating at 'AA'.

At the same time, Fitch is withdrawing all the ratings of Ergon as it is no longer considered by Fitch to be relevant to the agency's coverage because the entity is no longer issuing 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 Ergon, under a new parent holding company - Energy Queensland Limited.

RATING SENSITIVITIES

Rating Sensitivities are not applicable as the ratings have been withdrawn.