Graninge Placed on CreditWatch Positive Due to Potential Acquisition by Sydkraft Aug 03
- ID: 2045451
- August 2003
- Standard & Poors
LONDON (Standard & Poor's) Aug. 15, 2003--Standard & Poor's Ratings Services said today it placed its 'A-/A-2' corporate credit ratings on Sweden-based electric utility Graninge AB on CreditWatch with positive implications. This action follows the announcement that Swedish electric utility Sydkraft AB (A+/Watch Neg/A-1) may acquire a controlling interest in Graninge. At the same time, the 'K-1' Swedish commercial paper rating on Graninge was affirmed. "The CreditWatch placement reflects the potential positive benefits for Graninge of being integrated into a stronger group," said Standard & Poor's credit analyst Andreas Zsiga. "The key factors that will determine the outcome of the CreditWatch status will be the degree of operational, financial, and strategic integration between Graninge and Sydkraft, as well as the...
Companies mentioned in this report are: Graninge AB,Electricite de France S.A.,E.ON Sverige AB,E.ON AG
Action: On CreditWatch:Positive
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Research type: News
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