|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Iberdrola S.A. Ratings Unaffected By Approval Of Energy East Corp. Acquisition Sep 08
Standard & Poors, Sep 2008
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
MILAN (Standard & Poor's) Sept. 12, 2008--Standard & Poor's Ratings Services said today that its ratings and outlook on Spanish utility Iberdrola S.A. (A-/Stable/A-2) remain unchanged following Ibedrola's decision to complete the acquisition of U.S. utility Energy East Corp. (BBB+/Stable/A-2) after having received all the necessary authorizations. The ratings on Iberdrola already take into account this acquisition, which was announced in June 2007. The total transaction value is approximately -6 billion, including debt outstanding at Energy East (close to about -3 billion). The acquisition is part of Iberdrola's strategy, which is focused on development of renewables and international expansion....
Companies mentioned in this report are: Iberdrola S.A.,Iberdrola USA
Action: Bulletin
|
|
|
|
