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
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Research type: News
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