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BULLETIN: TXU Australia Entities Change Names After SingPower Purchase Oct 04
Standard & Poors, Oct 2004
Abstract
MELBOURNE (Standard & Poor's) Oct. 18, 2004--Standard & Poor's Ratings Services said today that following the acquisition of TXU Australia by Singapore Power Ltd. (AA-/Stable/--), the following name changes have occurred to TXU Australia entities: -- TXU Australia Holdings (Partnership) L.P. becomes SPI Australia Holdings (Partnership) L.P. and is still rated A-/Stable/A-2; -- TXU Australia Holdings Pty Ltd. becomes SPI Electricity & Gas Australia Holdings Pty Ltd. and is still rated A-/Stable/--; -- TXU Electricity Ltd. becomes SPI Electricity Pty Ltd. and is still rated A-/Stable/-- The ratings on the SPI Australia entities reflect its natural monopoly gas and electricity distribution businesses, its portfolio of inter-related energy assets, and the support of its parent. These strengths are offset by the...
Companies mentioned in this report are: SPI Australia Holdings (Partnership) L.P.,SPI Electricity Pty Ltd.,Singapore Power Ltd.,SPI Electricity & Gas Australia Holdings Pty Ltd.
Action: Bulletin
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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