SYDNEY (Standard&Poor's) May 30, 2013--Standard&Poor's Ratings Services said today that its 'BBB+' issuer credit rating on Genesis Power Ltd., trading as Genesis Energy, was unaffected by the announcement that the company is seeking to amend the terms of its capital bonds due 2041 and its desire to downsize the amount of bonds on issue to about NZ$200 million. If the proposed amendments are accepted by investors and the outstanding amount of capital bonds remain broadly at about NZ$200 million, we will treat the amended capital bonds as having an Intermediate equity content, which means we will reclassify 50% of the amount as equity and 50% of the interest as dividends for the purpose of our ratio
