Vattenfall AB Lowered To 'A-/A-2' On Increasingly Difficult Operating Conditions; Outlook Stable Dec 11
Standard & Poors, December 2011
Abstract
In our view, Vattenfall's business risk profile has weakened slightly, owing to an increasingly difficult and volatile industry environment and ongoing pressure on profitability and operating cash flows. We believe these factors are also negatively affecting Vattenfall's financial risk profile, which we now view as "significant" as opposed to "intermediate" previously, as our criteria define these terms. We are lowering our ratings on Vattenfall to 'A-/A-2' from 'A/A-1'. The outlook is stable, based on our expectation that Vattenfall's key credit measures will remain commensurate with the 'A-/A-2' ratings in the near term. STOCKHOLM (Standard & Poor's) Dec. 9, 2011--Standard & Poor's Ratings Services said today it lowered its long- and short-term corporate credit ratings on Sweden-based utility Vattenfall AB to...
Companies mentioned in this report are:
- Vattenfall AB
- Sweden (Kingdom of)
Action: Downgraded
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.
- Vattenfall AB
- Sweden (Kingdom of)
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