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Ratings On SingPower And SP PowerAssets Lowered To 'AA-' From 'AA' With Negative Outlook

Published Mar 31, 2008

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Abstract:

SINGAPORE (Standard&Poor's) March 31, 2008--Standard&Poor's Ratings Services today lowered its corporate credit ratings on Singapore Power Ltd. (SingPower) and SP PowerAssets Ltd. to 'AA-' from 'AA.' The outlooks are negative. At the same time, the ratings have been removed from CreditWatch, where they were placed on March 30, 2007, with negative implications, following the proposed sale of Alinta Ltd. (not rated) to a consortium that includes Babcock&Brown Ltd., a number of its managed funds, and SingPower. The ratings on SingPower's Singapore dollar (S$) 300 million medium-term notes have also been lowered to 'AA-' from 'AA.' The rating downgrades reflect the impact of the leveraged acquisition financing on the consolidated risk profile of SingPower, which

Report Type:

Ratings Action

Ticker

SP@SP

Issuer

Singapore Power Ltd.

GICS

Multi-Utilities (55103010)

Sector

Electric, Global Issuers, Utilities

Country

Singapore

Region

Europe, Middle East, Africa

Format:

HTML

Ratings On Singapore Power, SP PowerAssets Affirmed At 'AA-', Outlook Remains Negative – 2008/08/11 – US$ 150.00

Research Update: Singapore Power Rating Affirmed At 'AA-', Outlook Remains Negative – 2008/08/11 – US$ 225.00

Singapore Power Ltd. – 2009/02/03 – US$ 500.00

Summary: Singapore Power Ltd. – 2009/02/03 – US$ 225.00

Outlook On SingPower, SP PowerAssets, SP AusNet, SPIAA Revised To Stable With Equity Support; Ratings Affirmed – 2009/10/29 – 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, SPPA Ratings Remain On Watch Neg After Cancellation Of Alinta Deal With SP Ausnet – 2007/12/12 – US$ 150.00

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

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

Higher Debt Funding For Asset Purchase Will Affect Singapore Power, SP PowerAssets Ratings – 2007/11/08 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Ratings On SingPower And SP PowerAssets Lowered To 'AA-' From 'AA' With Negative Outlook" Mar 31, 2008. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-SingPower-And-SP-PowerAssets-Lowered-To-AA-From-AA-With-Negative-Outlook-640045>

APA:	S&P Global Ratings’ Credit Research. (). Ratings On SingPower And SP PowerAssets Lowered To 'AA-' From 'AA' With Negative Outlook Mar 31, 2008. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-SingPower-And-SP-PowerAssets-Lowered-To-AA-From-AA-With-Negative-Outlook-640045>

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