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Bulletin: Ratchaburi Electricity Generating Holding Public Co. Ltd. Ratings Unaffected By Proposal To Acquire Australian Asset
Standard & Poors, April 2011
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
SINGAPORE (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services said today that its long-term corporate credit ratings on Ratchaburi Electricity Generating Holding Public Co. Ltd. (RATCH; BBB+/Stable/--; ASEAN regional scale axA+) are unaffected by the company's proposal to acquire 80% stake in Transfield Services Infrastructure Fund (TSI Fund, unrated). Our 'BBB+' rating on the company factors in some buffer for the company's expansion plans. The amount required for this proposed acquisition is within the bounds of its current rating. In our view, RATCH has a modest financial risk profile. The company's consistent adjusted free operating cash flows on account of a stable operating performance and investments through joint ventures in moderate-sized projects support its financial risk profile. RATCH...
Companies mentioned in this report are: Ratchaburi Electricity Generating Holding Public Co. Ltd.
Action: Bulletin
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