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Bulletin: Key Swedish Utilities Unaffected By Storm Jan 07
Standard & Poors, Jan 2007
Abstract
STOCKHOLM (Standard & Poor's) Jan. 17, 2007--Standard & Poor's Ratings Services said today that the ratings on E.ON Sverige AB (A/Stable/A-1), Fortum Oyj (A-/Stable/A-2) and Vattenfall AB (A-/Stable/A-2) are not affected by a major storm that affected Sweden early in the week, cutting power supplies to about 210,000 users. The ratings on regional utilities Tekniska Verken AB (A-/Stable/A-2) and Lunds Energi AB (BBB+/Stable/A-2) are also unaffected, as the impact is reported to be minor. The storm, named Per, is thought to have caused less technical damage than a previous major storm, named Gudrun, that affected Sweden and Denmark in 2005. It is difficult to estimate the total costs at this stage, however, as compensation requirements for undelivered electricity have increased...
Companies mentioned in this report are: E.ON Sverige AB,Vattenfall AB,Fortum Oyj,Tekniska Verken i Linkoping AB,Lunds Energikoncernen 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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