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PowerGen Assigned 'A' Rating By S&P; Outlook Stable Oct 98 Product Image

PowerGen Assigned 'A' Rating By S&P; Outlook Stable Oct 98

  • ID: 1786794
  • October 1998
  • Standard & Poors

Abstract
London -- Standard & Poor's CreditWire 10/15/98 -- Standard & Poor's today assigned its single-'A' long-term issuer credit rating to PowerGen PLC (PG) and removed its 'A-1' short-term issuer credit and commercial paper ratings from CreditWatch where they were placed on June 29, 1998 with negative implications. At the same time Standard & Poor's raised its long-term issuer credit and senior unsecured ratings on East Midlands Electricity PLC (EME) and PowerGen (East Midlands) Investments (PGEMI; formerly DR Investments) to single-'A' from single-'A'-minus, and removed them from CreditWatch where they were placed on June 29, 1998 with positive implications. The short-term issuer credit and commercial paper ratings on EME were also raised to 'A-1' from 'A-2', and removed from CreditWatch where...

Companies mentioned in this report are:
- E.ON U.K. PLC
- Western Power Distribution (East Midlands) PLC
- Powergen (East Midlands) Investments

Action: Various Rating Actions

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.

- E.ON U.K. PLC
- Western Power Distribution (East Midlands) PLC
- Powergen (East Midlands) Investments

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