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ScottishPower First Sterling Bond Issue Rtd A+ by S&P Jan 97 Product Image

ScottishPower First Sterling Bond Issue Rtd A+ by S&P Jan 97

  • Published: January 1997
  • Standard & Poors

Abstract
LONDON -- Standard & Poor's CreditWire 1/27/97 -- Standard & Poor's today has assigned its single `A' plus long-term rating to ScottishPower's plc 10-year 200m Sterling bond issue. The rating reflects the operational benefits and the marginally improved business position, but weaker financial profile arising from ScottishPower's acquisition of Southern Water plc in mid-1996. The rating also acknowledges the managerial challenges facing ScottishPower associated with the assimilation of a range of sectorally and regionally diverse businesses, in a generally dynamic market environment. The Southern Water take-over was financed through a combination of debt and ScottishPower shares. ScottishPower is a vertically integrated electric utility serving 1.8 million customers in the south of Scotland. It owns and operates power stations with a...

Companies mentioned in this report are:
- Scottish Power U.K. PLC

Action: New Rating

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- Scottish Power U.K. PLC

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