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'AA' Ratings On SingPower, SP PowerAssets Affirmed After IPO For Australian Assets Announced Nov 05
Standard & Poors, Nov 2005
Abstract
SINGAPORE (Standard & Poor's) Nov. 7, 2005--Standard & Poor's Ratings Services today affirmed its 'AA' corporate credit ratings on Singapore Power Ltd. (SingPower) and its wholly owned subsidiary, SP PowerAssets Ltd. (SPPA). The outlook for both ratings is stable. 'The affirmation follows SingPower's announcement that it plans to sell 49% of its Australian businesses under its subsidiary, SP AusNet (A/Stable/--), through an IPO,' said Standard & Poor's credit analyst Greg Pau. SingPower's activities are focused on the operation of its electricity and gas businesses in Singapore and Australia. SPPA owns the electricity transmission and distribution assets in Singapore. SP AusNet's business consists of the electricity transmission business and one of the electricity and gas distribution businesses in the State of...
Companies mentioned in this report are: Singapore Power Ltd.,SP PowerAssets Ltd.,SP AusNet Group
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.
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.
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