PARIS (Standard&Poor's) Dec. 4, 2008--Standard&Poor's Ratings Services said today that it maintained on CreditWatch with negative implications its 'AA-/A-1+' long- and short-term corporate credit and debt ratings on French electricity incumbent Electricité de France S.A. (EDF), following the group's proposed bid for 50% of the nuclear assets of U.S. utility Constellation Energy Group Inc. (BBB/Watch Dev/A-2). The ratings on EDF were placed on CreditWatch on Sept. 25, 2008, following the group's cash offer for U.K.-based nuclear generator British Energy Group PLC (BE, BB/Watch Pos/--). We also placed on CreditWatch with negative implications the ratings on EDF's subsidiaries, U.K. utility EDF Energy PLC (A/Watch Neg/A-1), reflecting that it cannot have a rating higher than the stand-alone rating
