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S&P:EDF's LT, London Electricity's LT/ST Rtgs On Watch Nov 98
Standard & Poors, November 1998
Paris -- Standard & Poor's CreditWire 11/30/1998 -- Standard & Poor's today placed its triple-'A' long-term corporate credit and senior unsecured debt ratings of Electricite de France (EDF) on CreditWatch with negative implications. At the same time, all of the triple-'B'-minus long-term and 'A-3' short-term ratings of London Electricity PLC (LE) were placed on CreditWatch with positive implications. The CreditWatch placements follow the announcement that EDF will acquire the London utility from its sole ultimate owner, Entergy Corp., in a transaction involving a cash payment of UK1.4 billion ($2.3 billion). With over 100,000MW of installed generation capacity and total assets of FFr682 billion ($120 billion), EDF is the world's largest electricity utility and is responsible for France's transmission grid, as...
Companies mentioned in this report are: Electricite de France S.A.,France (Republic of) (Unsolicited Ratings),EDF Energy PLC
Action: On CreditWatch:Various
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.
Electricite de France S.A.,France (Republic of) (Unsolicited Ratings),EDF Energy PLC