E.ON U.K. Subsidiary Central Networks West Assigned 'A/A-1' Ratings; On CreditWatch Negative Nov 10

Standard & Poors, November 2010

Abstract
We are assigning our 'A' long-term corporate credit rating and 'A-1' short-term rating to E.ON U.K. subsidiary Central Networks West PLC (CNW). E.ON AG (E.ON) has announced that it is reviewing its strategic options for CNW, which could lead to a reassessment of our view of CNW's current core status within E.ON U.K. We are placing the ratings on CreditWatch with negative implications. We aim to review the CreditWatch placement when we have more information about CNW's ownership structure. LONDON (Standard & Poor's) Nov. 23, 2010--Standard & Poor's Rating Services said today that it had assigned its 'A' long-term and 'A-1' short-term corporate credit ratings to Central Networks West PLC (CNW). The ratings have been placed on CreditWatch with negative...

Companies mentioned in this report are: Western Power Distribution (West Midlands) PLC
Action: New Rating
Action: On CreditWatch:Negative

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.

Western Power Distribution (West Midlands) PLC

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