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Scottish Hydro-Electric's UK150M Bond Rtd A+ by S&P Mar 97 Product Image

Scottish Hydro-Electric's UK150M Bond Rtd A+ by S&P Mar 97

  • ID: 1871642
  • March 1997
  • Region: Scotland
  • Standard & Poors

Abstract
LONDON -- Standard & Poor's CreditWire 3/11/97 -- Standard & Poor's today has assigned its single-`A'-plus rating to Scottish Hydro-Electric plc's (Hydro-Electric) 10-year Sterling bond issue. In part, the funds will be used to finance the purchase of the remaining 50% share of the Keadby generation plant from NORWEB, announced recently. This increased level of debt was anticipated and signaled in our rating action of Dec. 3, 1996. Hydro-Electric's general credit quality is based on the company's business diversity, operational strengths and stable regulatory environment, but is offset by the increasing importance to the company of generation and supply in the competitive England & Wales market. In future, higher financial leverage will result from a combination of further announced investment...

Companies mentioned in this report are:
- SSE PLC

Action: New Rating

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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