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Rating

DONG Energy A/S and DONG Naturgas A/S are each rated by Moody’s and DONG Energy A/S is also rated by Standard & Poor's.

DONG Energy A/S and DONG Naturgas A/S are currently rated as follows:


Rated company Rating Agency Long-term rating Outlook Short-term rating Last updated
DONG Energy A/S Standard & Poor’s BBB+ Stable A-2 July-2008
DONG Energy A/S Moody’s Baa1 Positive - Aug-2007
DONG Naturgas A/S Moody’s Baa1 Positive - Aug-2007
    
The analysts responsible for the rating of DONG Energy A/S and DONG Naturgas are:

Standard & Poor's
Karin Erlander

Tel: +44 (20) 7176 3584

E-mail: Karin_Erlander@standardandpoors.com

Moody's Helen Francis

Tel: +44 (20) 7772 5422

E-mail: Helen.Francis@moodys.com

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