Reforms Crucial to Electric Utility Ratings in Asia Mar 99

Standard & Poors, March 1999

Abstract
HONG KONG (Standard & Poor's CreditWire) March 24, 1999--The credit quality of electric power utilities in Asia faces the possibility of further deterioration in the wake of the economic slowdown in Asia, Standard & Poor's said today in its newly launched Asia-Pacific Electric Power Survey. Declining growth in electricity demand, insufficient tariff increases, and ambitious capacity expansions could lead to further deterioration of credit quality, the report says. However, Suzanne Smith, Director of Standard & Poor's Infrastructure Ratings in Hong Kong, says in the report that planned privatization and asset sales could be an effective way to reduce the debt burden of government-owned utilities like KEPCO in Korea, EGAT in Thailand, NAPOCOR in the Philippines, and Tenaga in Malaysia. Throughout...

Action: S&P Event

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.

Electricity Corp. of New Zealand Ltd.,Chubu Electric Power Co. Inc.,Chugoku Electric Power Co. Inc.,Shikoku Electric Power Co. Inc.,Korea Electric Power Corp.,CLP Power Hong Kong Ltd.,Jemena Ltd.,National Power Corp.,Tenaga Nasional Bhd.,Hero Asia (BVI) Co. Ltd.,Transpower New Zealand Ltd.,Vector Ltd.,CE Casecnan Water and Energy Co. Inc.,Bauang Private Power Corp.,Tokyo Electric Power Co. Inc.,AES China Generating Co. Ltd.,Powercor Australia LLC,Quezon Power (Philippines) Ltd. Co.,Paiton Energy Funding B.V.,United Energy Distribution Pty Ltd.,Tata Power Co. Ltd.,ACTEW Corp. Ltd.,Contact Energy Ltd.,Powerco Ltd.,Advance Energy,SPI Electricity Pty Ltd.,NGC Generation Holdings Ltd.,Power Finance Corp. Ltd.,Austran Holdings Inc.,Taiwan Power Co.,Huaneng Power International Inc.,Integral Energy Australia,NTPC Ltd.,NorthPower,Electricity Generating Authority of Thailand

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