|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Severn Trent Ratings Unaffected By Proposed Demerger Of Biffa Waste Management Unit Apr 06
Standard & Poors, April 2006
Abstract
LONDON (Standard & Poor's) April 4, 2006--Standard & Poor's Ratings Services said today that its ratings and outlook on U.K.-based water and environmental services company Severn Trent PLC (A/Stable/A-1), and related entities, are unaffected following the group's announced intention to demerge its waste management business, Biffa PLC, by the end of 2006. We expect further details of the proposed demerger and overall group strategy to emerge in early June 2006, when Severn Trent will announce its interim annual results. This will be key to our review of the ratings, particularly with regard to any announcements on future financial strategy and capital structure. We regard the decision to demerge Biffa as positive from a business risk perspective, as it will sharpen...
Companies mentioned in this report are: Severn Trent PLC,Severn Trent Water Ltd.,Severn Trent Utilities Finance PLC
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.
|
|
|
|
