|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Ratings On DUET Subsidiaries Unaffected By Planned Alinta Sale Mar 07
Standard & Poors, March 2007
Abstract
MELBOURNE (Standard & Poor's) March 30, 2007--Standard & Poor's Ratings Services said today that its ratings on the Diversified Utility and Energy Trusts' (DUET; BBB-/Negative/--) majority-owned subsidiaries, in which Alinta Ltd. (Alinta; BBB/WatchNeg/--) owns a minority stake, are unlikely to be impacted following today's announcement that Babcock & Brown Ltd. and Singapore Power Ltd. (AA/Stable/--) are proposing to acquire Alinta. The DUET entities involved in the transaction and Alinta's ownership shares are as follows: --Multinet Gas Holdings Ltd. (MGH; 20.1%) and MGH's financing subsidiary Energy Partnership (Gas) Pty Ltd. (BBB/Stable/--); --DBNGP Trust (20%; BBB-/Stable/--); and --United Energy Distribution Holdings Pty Ltd. (34%; BBB/Stable/--). DUET's majority ownership of the above entities and the inherent structural protection of DBNGP Trust means Standard...
Companies mentioned in this report are: DUET Group,Energy Partnership (Gas) Pty Ltd.,Singapore Power Ltd.,United Energy Distribution Holdings Pty Ltd.,DBNGP Trust,Alinta Ltd.
Action: Bulletin
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.
|
|
|
|
