In what could be a sign of coming corporate bond issues, Origin Energy and Dexus Property have recently sought new credit ratings.
The moves come as companies continue to diversify their sources of debt funding away from the traditional bank facilities that caused so much grief to many during the financial crisis.
For Origin there has been a lot of focus on the possibility of an equity raising, but it could also use debt to help fund its growth plans, such as buying NSW electricity assets and building a liquefied natural gas project in Queensland.
Could origin be looking to take a stake in Stage 3 ?? this would be one option to bring more equity to the table.
HDF Price at posting:
$1.01 Sentiment: None Disclosure: Held
