S&P:EDF's LT, London Electricity's LT/ST Rtgs On Watch Nov 98
- ID: 2046063
- November 1998
- Standard & Poors
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)
- EDF Energy PLC
Action: On CreditWatch:Various
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Research type: News
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