SYDNEY (Standard&Poor's) May 30, 2013--Standard&Poor's Ratings Services said today that it has placed the issue rating on the NZ$275 million capital bonds due 2041 issued by Genesis Power Ltd. on CreditWatch with positive implications. At the same time the BB-' issue rating on the capital bonds was affirmed. On May 30 Genesis Power Ltd., trading as Genesis Energy, announced its intention to amend the terms of its NZ$275 million capital bonds as a result of a recent change of criteria, which meant the capital bonds were no longer eligible for High equity content. Driven by the recent change in criteria for how equity content is assessed, Genesis Energy is attempting to amend the terms of the
