Vattenfall AB Outlook Revised To Stable On Growing Regulatory And Political Pressure Sep 06

Standard & Poors, September 2006

Abstract
STOCKHOLM (Standard & Poor's) Sept. 6, 2006--Standard & Poor's Ratings Services said today it revised its outlook on Sweden-based integrated power utility Vattenfall AB to stable from positive. At the same time, the 'A-' long-term and 'A-2' short-term corporate credit ratings on Vattenfall were affirmed. The outlook revision reflects the increasing regulatory and political pressure in Vattenfall's main markets of Sweden and Germany. The company is also significantly stepping up its capital expenditure program over the medium term. At June 30, 2006, Vattenfall had Swedish krona (Skr) 69 billion ($9.5 billion) in interest-bearing debt outstanding (including Skr9.1 billion in hybrid capital notes as debt). "The prospect of continued improved credit quality is tempered by increasing regulatory and political pressure in...

Companies mentioned in this report are: Vattenfall AB
Action: Affirmed
Action: Outlook: Stable

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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.

Vattenfall AB

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