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'BBB/A-2' Ratings Assigned to the Proposed Alinta Network Holdings Jul 03
Standard & Poors, July 2003
Abstract
MELBOURNE (Standard & Poor's) July 16, 2003--Standard & Poor's Ratings Services today announced that it has assigned its 'BBB/A-2' ratings to the proposed Alinta Network Holdings Pty Ltd. (ANH). The outlook on the ratings is stable. At the same time, Standard & Poor's assigned a 'BBB' bank-loan rating to ANH's proposed A$530 million senior-unsecured bank loan facilities, and to the proposed A$30 million senior-unsecured bank loan facilities of its wholly owned subsidiary, AlintaGas Networks Pty Ltd. (AGN). All of the senior-bank loan facilities carry joint and several guarantees from ANH and AGN. The issuer ratings assigned to the proposed ANH reflect the business and financial profile of the wider Alinta Networks group (Alinta Networks), which includes AGN. As such, the...
Companies mentioned in this report are: ATCO Gas Australia,Alinta 2000 Ltd.,Energy Partnership (Gas) Pty Ltd.,United Energy Distribution Holdings Pty Ltd.,DUET Group,WA Network Holdings Pty Ltd.
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.
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