CreditStats: Electric Utilities--Japan Aug 08

Standard & Poors, August 2008

Abstract
Note: These CreditStats were published using 8-digit Global Industry Classification Standard (GICS) codes in effect as of July 3, 2008. The GICS committee earlier this year redefined some subindustries, and this will result in several companies' being reclassified to conform to the new definitions. These changes take effect Aug. 29, 2008. Consequently, some companies could appear in future products under different GICS industries or subindustries from those they appear in here....

Companies mentioned in this report are: Tokyo Electric Power Co. Inc.,Chubu Electric Power Co. Inc.,Chugoku Electric Power Co. Inc.,Shikoku Electric Power Co. Inc.,Hokkaido Electric Power Co. Inc.,Hokuriku Electric Power Co. ,Kansai Electric Power Co. Inc.,Kyushu Electric Power Co. Inc.,Tohoku Electric Power Co. Inc.,Electric Power Development Co. Ltd.,Okinawa Electric Power Co. Inc.

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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Tokyo Electric Power Co. Inc.,Chubu Electric Power Co. Inc.,Chugoku Electric Power Co. Inc.,Shikoku Electric Power Co. Inc.,Hokkaido Electric Power Co. Inc.,Hokuriku Electric Power Co. ,Kansai Electric Power Co. Inc.,Kyushu Electric Power Co. Inc.,Tohoku Electric Power Co. Inc.,Electric Power Development Co. Ltd.,Okinawa Electric Power Co. Inc.

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