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Higher Debt Funding For Asset Purchase Will Affect Singapore Power, SP PowerAssets Ratings

Published Nov 08, 2007

835 words — Published Nov 08, 2007

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Abstract:

SINGAPORE (Standard&Poor's) Nov. 9, 2007--Standard&Poor's Ratings Services said today its 'AA' corporate credit ratings on Singapore Power Ltd. (SingPower) and its 100% subsidiary SP PowerAssets Ltd. (SPPA) remain on CreditWatch with negative implications, following the release of offering documents by SP Ausnet Group, a 51%-owned subsidiary of SingPower, related to the financing and purchase of Alinta Ltd. assets from the parent company. The ratings on SingPower and SPPA will be lowered to 'AA-' with a stable outlook, following the successful conclusion of the sale of Alinta (BBB/Watch Neg/--) assets to SP Ausnet Group (SP Ausnet, A/Watch Neg/--) by SingPower, in line with the financing plan presented to Standard&Poor's. (See our media release titled "High

Brief Excerpt:

RESEARCH Higher Debt Funding For Asset Purchase Will Affect Singapore Power, SP PowerAssets Ratings Publication date: 08-Nov-2007 Primary Credit Analyst: Anshukant Taneja, Singapore (65) 6239-6340; anshukant_taneja@standardandpoors.com...

Report Type:

News

Ticker

SP@SP

Issuer

Singapore Power Ltd.

GICS

Multi-Utilities (55103010)

Sector

Global Issuers, Structured Finance

Country

Singapore

Region

Europe, Middle East, Africa

Format:

HTML

Summary: Singapore Power Ltd. – 2007/12/07 – US$ 225.00

Singapore Power Ltd. – 2007/12/07 – US$ 500.00

SingPower, SPPA Ratings Remain On Watch Neg After Cancellation Of Alinta Deal With SP Ausnet – 2007/12/12 – US$ 150.00

Ratings On SingPower And SP PowerAssets Lowered To 'AA-' From 'AA' With Negative Outlook – 2008/03/31 – US$ 150.00

Research Update: Rating On Singapore Power Lowered To 'AA-' From 'AA' With Negative Outlook; Off Watch – 2008/03/31 – US$ 225.00

SingPower, SP PowerAssets, SP AusNet Placed On Watch Negative After Alinta Joint Acquisition – 2007/03/30 – US$ 150.00

Research Update: SingPower, SP PowerAssets, SP AusNet Placed On Watch Negative After Alinta Joint Acquisition – 2007/03/30 – US$ 225.00

'AA' Ratings On SingPower And SP PowerAssets Affirmed On Business Stability – 2006/09/21 – US$ 150.00

Research Update: 'AA' Ratings On Singapore Power Ltd. Affirmed With Stable Outlook – 2006/09/21 – US$ 225.00

Singapore Power Ltd. – 2006/09/21 – US$ 500.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Higher Debt Funding For Asset Purchase Will Affect Singapore Power, SP PowerAssets Ratings" Nov 08, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Higher-Debt-Funding-For-Asset-Purchase-Will-Affect-Singapore-Power-SP-PowerAssets-Ratings-612325>

APA:	S&P Global Ratings’ Credit Research. (). Higher Debt Funding For Asset Purchase Will Affect Singapore Power, SP PowerAssets Ratings Nov 08, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Higher-Debt-Funding-For-Asset-Purchase-Will-Affect-Singapore-Power-SP-PowerAssets-Ratings-612325>

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