London, 17 October 2014 -- Moody's Investors Service, ("Moody's") has today changed to stable from positive the outlook on the Baa2 ratings of Gas Natural SDG SA (Gas Natural Fenosa, 'the group') and its guaranteed subsidiaries. Concurrently, Moody's has affirmed the Baa2/Prime-2 issuer ratings of Gas Natural Fenosa, as well as the guaranteed Baa2 and provisional (P)Baa2 ratings of Gas Natural Capital Markets SA and Gas Natural Fenosa Finance BV. The guaranteed Prime-2 short-term rating of Gas Natural Fenosa Finance BV was also affirmed.
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