Title:

Royal Utilities IF Stability Rating Withdrawn On Sherritt International Corp. Takeover

Price:$100.00
Publication Date:May 06, 2008
Report Type:News
Abstract:Toronto (Standard&Poor's) May 6, 2008--Standard&Poor's Ratings Services today said it withdrew its 'SR-2' Canadian stability rating and moderate distribution profile assessment on Royal Utilities Income Fund following the fund's purchase by Sherritt International Corp. (not rated). The fund is now wholly owned by Sherritt and its units have been delisted from the Toronto Stock Exchange. Complete ratings information is available to subscribers of RatingsDirect, Standard&Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard&Poor's public Web site at www.standardandpoors.com; under Credit Ratings in the left navigation bar, select Credit Ratings Actions. Research on stability ratings is available to RatingsDirect subscribers and at www.standardandpoors.com;
Brief Excerpt:RESEARCH Ratings Definitions Royal Utilities IF Stability Rating Withdrawn On Sherritt International Corp. Takeover Publication date: ##-May-#### Primary Stability Ratings Analyst: Jatinder Mall, Toronto (#) ###-###-####; jatinder_mall@standardandpoors....
Word Count:642
Ticker:RU-U@CN
Issuer:Royal Utilities Income Fund
GICS:Coal & Consumable Fuels (10102050)
Sector:Global Issuers, Corporations, Metals & Mining
Country:Canada
Region:Canada
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