Corporate credit rating AAA/Stable/-- Standard&Poor's said today that Singapore Power Ltd's divestiture of two electricity generating businesses and the associated capital restructuring will not affect the ratings or outlook on the company. On April 1, 2001, SingPower transferred generating companies PowerSenoko and PowerSeraya to its parent, Temasek Holdings (Pte) Ltd. Temasek intends to sell the two companies and Tuas Power, a third government-owned generator, to industry participants. The divestiture plans have been known for some time and have been factored into the ratings. SingPower will rely on its transmission subsidiary, PowerGrid, to provide a stable, regulated revenue base while it continues to expand internationally through its Singapore Power International Ltd. subsidiary. Group total assets at Sept. 30, 2000,
