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BULLETIN: Clearing Up Confusion Over SPI Australia Group Entities and Ratings Nov 04
Standard & Poors, Nov 2004
Abstract
MELBOURNE (Standard & Poor's) Nov. 19, 2004--Following some confusion about the names of the Australian subsidiaries of Singapore Power Ltd. (SingPower; AA-/Stable/--) and the ratings on those entities, Standard & Poor's Ratings Services here aims to clarify the ownership of SingPower's Australian entities (SPI Australia Group) and the ratings on those entities. There are two sub-groups, set out below: First sub-group: -- SPI Australia Holdings (Partnership) L.P. (SPI Australia; A-/Stable/--) is the parent company for SPI Electricity & Gas Australia Holdings Pty Ltd. (A-/Stable/A-2), and SPI Electricity Pty Ltd. (A-/Stable/--). SPI Australia (formerly TXU Australia) is a Victoria-based Australian energy company. The ratings on the SPI Australia entities reflect its natural monopoly gas and electricity distribution businesses, its portfolio of...
Companies mentioned in this report are: SPI PowerNet Pty Ltd.,SPI Electricity Pty Ltd.,SPI Australia Holdings (Partnership) L.P.,Singapore Power Ltd.,SPI Australia Finance Pty Ltd.,SPI Electricity & Gas Australia Holdings Pty Ltd.
Action: Bulletin
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Research type: News
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