|
|
 |
|
Viewing report
|
|
|
|
Industry Report Card: Top European Utilities Could Lose Their Spark Amid Increased Risk Nov 10
Standard & Poors, Nov 2010
Abstract
The ratings on the 25 leading European utilities rated by Standard & Poor's Ratings Services remain under pressure: nine have negative outlooks or are on CreditWatch with negative implications. This is a result of several general trends that are mainly related to financial risk. The credit profiles of several major players in the sector have suffered as a result of debt incurred to finance what proved to be very expensive international expansion and as a result of ongoing investment needs to modernize and replace aging electricity generation and network assets. Financial risk profiles may come under further pressure over the next decade as a result of additional major capital spending to replace carbon dioxide (CO2)-intensive power generation assets with renewable-based...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
