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'AA-/A-1+' Ratings on RWE AG Placed on Watch Neg Sep 01
Standard & Poors, Sep 2001
Abstract
LONDON (Standard & Poor's) Sept. 17, 2001--Following the announcement of RWE AG's bid for American Water Works Co. Inc. (unrated), Standard & Poor's today placed its double-'A'-minus long-term and 'A-1'-plus short-term ratings on the German utility on CreditWatch with negative implications. At the same time, Standard & Poor's placed its ratings on American Water Capital Corp. and New Jersey-American Water Co. on CreditWatch with positive implications. The ratings on Thames Water PLC and its principal subsidiaries remain on CreditWatch with positive implications, where they were placed on Sept. 25, 2000, following the announcement of the intended--and recently effected--full takeover by RWE. See list below for a full list of rating actions. The rating actions follow today's announcement of RWE's agreed...
Companies mentioned in this report are: RWE AG,American Water Works Co. Inc.,Elizabethtown Water Co.,E'Town Corp.,New Jersey-American Water Co.,RWE Thames Water PLC,Thames Water Utilities Finance Ltd.,Thames Water Utilities Ltd.,American Water Capital Corp.,RWE Finance B.V.
Action: Various Rating Actions
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.
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