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Sydkraft and Vattenfall Ratings Affirmed;Outlook on Sydkraft Stable, Outlook on Vattenfall Neg Dec 99
Standard & Poors, December 1999
LONDON (Standard & Poor's CreditWire) Dec. 1, 1999--Standard & Poor's today affirmed its ratings on the Swedish electric utilities Sydkraft AB, and Vattenfall AB and related entities. The outlook on Sydkraft is stable and the outlook on Vattenfall is negative. (See list below for all ratings.) The affirmations follow the Nov. 30, 1999, announcement of a voluntary compensation settlement between the Swedish government and Sydkraft, regarding the state's decision to close Sydkraft's nuclear reactor Barseb-ck unit 1 (B1), which also involves 100% state-owned Vattenfall. Standard & Poor's believes that the outcome is relatively credit neutral for both companies. According to the settlement, Vattenfall will provide Sydkraft with nuclear capacity from Vattenfall's Ringhals plant equivalent to that produced by B1. Vattenfall...
Companies mentioned in this report are: E.ON Sverige AB,Vattenfall AB,Vattenfall Treasury AB,Vattenfall Treasury 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: 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.
E.ON Sverige AB,Vattenfall AB,Vattenfall Treasury AB,Vattenfall Treasury Inc.