Multi-utility GDF SUEZ merged its Energy International assets with those of U.K.-based power developer International Power PLC (IPR). In return for the contributed assets, GDF SUEZ owns 70% of the new IPR. We believe that the transaction will not meaningfully dilute GDF SUEZ's business risk profile or financial risk profile. We are affirming our 'A/A-1' ratings on GDF SUEZ and removing them from CreditWatch negative. The stable outlook reflects our view that cash flow generation and asset disposals should strengthen credit metrics in line with the 'A' rating in 2012. PARIS (Standard&Poor's) Feb. 11, 2011--Standard&Poor's Ratings Services affirmed its 'A/A-1' long- and short-term corporate credit ratings on global multi-utility GDF SUEZ S.A. We removed the ratings
