SYDNEY (Standard&Poor's) Aug. 20, 2013--Standard&Poor's Ratings Services said today that it has raised its issue rating on Genesis Power Ltd.'s capital bonds to 'BB+' and removed the rating from CreditWatch with positive implications (where it has been placed on May 29, 2013), following completion of the amendments initiated by the company in late May 2013 and confirmation that NZ$200 million of capital bonds will remain in circulation. The upgrade reflects the amendments which, among other things, replace the provisions that could have triggered an automatic deferral of interest with a mechanism giving the company that option. Further, with the confirmation that at least NZ$200 million of capital bonds will remain outstanding, we will treat the capital
