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Research Update: U.K. Utility Scottish and Southern Energy 'A-/A-2' Ratings Affirmed; Outlook Stable Aug 10 Product Image

Research Update: U.K. Utility Scottish and Southern Energy 'A-/A-2' Ratings Affirmed; Outlook Stable Aug 10

  • Published: August 2010
  • Standard & Poors

FEATURED COMPANIES

  • SSE Energy Supply Ltd.
  • SSE Generation Ltd.
  • SSE PLC
  • MORE

Abstract
U.K.-based utility Scottish and Southern Energy PLC (SSE) continues to maintain a strong business risk profile and intermediate financial risk profile. We are therefore affirming our 'A-/A-2' long- and short-term corporate credit ratings on SSE. The stable outlook reflects our view that SSE's credit metrics will recover to levels commensurate with the 'A-' rating during the current financial year. On Aug. 31, 2010, Standard & Poor's Ratings Services affirmed its 'A-' long-term and 'A-2' short-term corporate credit ratings on U.K.-based vertically integrated utility Scottish and Southern Energy PLC (SSE) and its related entities. The outlook is stable. The ratings affirmation reflects SSE's ongoing satisfactory operating performance, and follows our review of SSE's creditworthiness in the 2009/10 financial year and our...

Companies mentioned in this report are:
- SSE PLC
- Southern Electric Power Distribution PLC
- SSE Generation Ltd.
- SSE Energy Supply Ltd.
- Scottish Hydro-Electric Transmission Ltd.
- Scottish Hydro-Electric Power Distribution Ltd.

Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit READ MORE >

- SSE PLC
- Southern Electric Power Distribution PLC
- SSE Generation Ltd.
- SSE Energy Supply Ltd.
- Scottish Hydro-Electric Transmission Ltd.
- Scottish Hydro-Electric Power Distribution Ltd.

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