- Language: English
- Published: July 2012
- Region: Germany
Vattenfall Long-Term Ratings Still on Watch Neg After News of Increased Stake in Bewag Dec 01
- Published: December 2001
- Standard & Poors
STOCKHOLM (Standard & Poor's) Dec. 3, 2001--Standard & Poor's said today that all long-term ratings--including the single-'A'-minus corporate credit rating--on Swedish utility Vattenfall AB and related entities remain on CreditWatch with negative implications. The CreditWatch update follows today's announcement that Vattenfall is to acquire U.S. Mirant Corp.'s (BBB-/Stable/A-3) 45% stake in German utility Bewag (not rated). The 'A-2' short-term ratings on all Vattenfall entities remain unchanged. Ratings on Vattenfall were placed on CreditWatch on Sept. 28, 2001, following the breakdown of the planned all-share transaction between Vattenfall and Mirant to merge Bewag and Vattenfall's German subsidiaries into a new electric utility constellation, the Neue Kraft group. Vattenfall has since continued the formation of Neue Kraft by integrating its subsidiaries, including...
Companies mentioned in this report are: Vattenfall AB,GenOn Energy Holdings Inc.
Action: CreditWatch Update
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Research type: News
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Vattenfall AB,GenOn Energy Holdings Inc.