| Title: | Bulletin: Vector?s Risk Appetite Under Review After Announced Sale Of Wellington Network |
| Price: | $100.00 |
| Publication Date: | Apr 27, 2008 |
| Report Type: | News |
| Abstract: | MELBOURNE (Standard&Poor's) April 28, 2008--Standard&Poor's Ratings Services said today that it is reviewing Vector Ltd.'s (BBB+/Stable/--) future risk appetite and strategic growth following Vector's announced sale of its Wellington network assets to Cheung Kong Infrastructure Holdings Ltd. (CKI; A-/Stable/--). The divestment of the Wellington network reduces the business diversity of Vector and marginally weakens the company's business profile; however, these factors should be offset by the company's decision to apply the sale proceeds to reduce debt. The sale, which is subject to approval of the Overseas Investment Board, is likely to be completed soon after fiscal 2008. As part of its review, Standard&Poor's will seek clarity on Vector's strategy for future growth, its investment |
| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: VectoraÇÖs Risk Appetite Under Review After Announced Sale Of Wellington Network Publication date: ##-Apr-#### Primary Credit Analyst: Chris Cudsi, Melbourne (##) #-####-####; chris_cudsi@standardandpoors.com... |
| Word Count: | 602 |
| Ticker: | VCT@NZ |
| Issuer: | Vector Ltd. |
| GICS: | Multi-Utilities (55103010) |
| Sector: | Global Issuers, Structured Finance, Utilities, Collateralized Debt Obligations, Electric |
| Country: | New Zealand |
| Region: | Pacific |
| Format: | 
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