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Bulletin: Proposed Merger Of Vattenfall Treasury AB With Vattenfall AB Has No Effect On Ratings Or Outlook Feb 10
Standard & Poors, Feb 2010
Abstract
STOCKHOLM (Standard & Poor's) Feb. 10, 2010--Standard & Poor's Ratings Services said today that a proposed merger of Vattenfall Treasury AB, a wholly-owned financing vehicle of Vattenfall AB (A/Negative/A-1), into Vattenfall AB has no effect on the ratings or outlook on the Vattenfall group. Vattenfall filed its intention to merge the two entities with the Bolagsverket (Swedish Companies Registration Office) on Jan. 13, 2010. Vattenfall Treasury AB issues the group's bonds and is responsible for coordinating borrowing, internal group banking activities, and liquidity management. These functions will now be merged with those of Vattenfall AB. According to Vattenfall, these changes should not affect debt issued by Vattenfall Treasury AB other than that the issuer will change from Vattenfall Treasury AB...
Companies mentioned in this report are: Vattenfall Treasury AB,Vattenfall AB
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.
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