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Research Update: German Integrated Utility RWE 'A/A-1' Ratings On CreditWatch Negative On Adverse Business Outlook Apr 11 Product Image

Research Update: German Integrated Utility RWE 'A/A-1' Ratings On CreditWatch Negative On Adverse Business Outlook Apr 11

  • ID: 2043264
  • April 2011
  • Region: Germany
  • Standard & Poors

FEATURED COMPANIES

  • Essent N.V.
  • Essent Nederland B.V.
  • RWE AG
  • RWE Finance B.V.
  • MORE

Abstract
We believe the business environment for RWE's key electricity generation and gas operations is becoming increasingly challenging. We consider that RWE's profitability could be lower in the coming years and that its financial risk profile is also likely to weaken as a result of high investment levels. We are placing our 'A' long-term and 'A-1' short-term ratings on RWE on CreditWatch with negative implications. We currently believe a potential downgrade would be limited to one notch. On April 8, 2011, Standard & Poor's Ratings Services placed its 'A' long-term and 'A-1' short-term corporate credit ratings on German integrated utility RWE AG and related entities on CreditWatch with negative implications. The rating action reflects the likelihood that we will downgrade the...

Companies mentioned in this report are:
- RWE AG
- RWE Finance B.V.
- Essent N.V.
- Essent Nederland B.V.

Action: On CreditWatch:Negative

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 READ MORE >

- RWE AG
- RWE Finance B.V.
- Essent N.V.
- Essent Nederland B.V.

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