|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Swedish Government Investigates Electricity Market Competition Aug 01
Standard & Poors, Aug 2001
Abstract
Standard & Poor's said today that it will take no rating action in response to yesterday's announcement that the Swedish government (Kingdom of Sweden; local currency: AAA/Stable/A-1+; foreign currency: AA+/Positive/A-1+) will investigate competitive behavior in the domestic electricity market following increased electricity prices in 2001. Standard & Poor's considers that the 2001 price increases reflect the demand and supply situation in the market. After several consecutive years of wet and mild weather, precipitation levels and temperatures have returned to normal. Profitability is improving from unsustainably low levels, as the destructive, market-share focused competition is easing. Capacity reductions, which have occurred since the mid 1990s, could lead to potential power shortages. The recent electricity crisis in California demonstrates that the ability...
Companies mentioned in this report are: Sweden (Kingdom of)
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.
|
|
|
|
