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BULLETIN: SPI Australia Asset Sale Speculation Has No Immediate Impact On Ratings Feb 05
Standard & Poors, Feb 2005
Abstract
MELBOURNE (Standard & Poor's) Feb. 17, 2005--Standard & Poor's Ratings Services said today that increased media speculation regarding a possible sale of SPI Australia Holdings (Partnership) L.P.'s (SPI Australia; A-/Stable/--) retail and generation assets by Singapore Power Ltd. (SingPower; AA-/Stable/--) would have no immediate impact on the ratings on SPI Australia or its subsidiaries, SPI Electricity & Gas Australia Holdings Pty Ltd. (SPI E&G Holdings; A-/Stable/A-2) and SPI Electricity Pty Ltd. (SPI Electricity; A-/Stable/--). At present there is much speculation over whether there will be any divestment, and the form and assets that might be involved if there were. Standard & Poor's understands that SingPower reviews its strategic options for its businesses to enhance shareholder value on an ongoing basis....
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.,TRUenergy 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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