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Research Update: Outlook On SingPower, SP PowerAssets, SP AusNet, SPIAA Revised To Stable With Equity Support; Ratings Affirmed Oct 09
Standard & Poors, Oct 2009
Abstract
Equity infusion from parent has addressed concerns surrounding parental support and weaker stand-alone credit metrics. We affirmed the corporate credit, issue and ASEAN scale ratings on Singapore Power and SP PowerAssets and also affirmed the corporate credit and issue ratings on SP AusNet Group, SPI (Australia) Assets and their associated entities. The rating outlook on the group has been revised to stable from negative. On Oct. 30, 2009, Standard & Poor's Ratings Services revised to stable from negative the outlooks on the corporate credit ratings on Singapore Power Ltd., SP PowerAssets Ltd., SP AusNet Group, SPI (Australia) Assets Pty Ltd. and associated entities. The corporate credit, issue and ASEAN scale ratings were also affirmed. The outlook revision on Singapore Power...
Companies mentioned in this report are: Singapore Power Ltd.,Jemena Ltd.,SPI Electricity Pty Ltd.,SPI Australia Holdings (Partnership) L.P.,SPI PowerNet Pty Ltd.,SPI Australia Finance Pty Ltd.,SP PowerAssets Ltd.,SPI Electricity & Gas Australia Holdings Pty Ltd.,SP AusNet Group,SPI (Australia) Assets Pty Ltd.
Action: Affirmed
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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