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Research Update: Rating On Singapore Power Lowered To 'AA-' From 'AA' With Negative Outlook; Off Watch

Published Mar 31, 2008

1187 words — Published Mar 31, 2008

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

On March 31, 2008, Standard&Poor's Ratings Services lowered its corporate credit rating on Singapore Power Ltd. to 'AA-' from 'AA.' The outlook is negative. The rating is removed from CreditWatch, where it was 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 Singapore Power Ltd. (SingPower). The ratings on SingPower had remained on CreditWatch with negative implications, following the December 2007 decision by SingPower's subsidiary, SP AusNet Group, to not buy Alinta Ltd.'s assets from SingPower. At the same time, the ratings on SingPower's Singapore dollar (S$) 300 million medium-term notes have been lowered

Brief Excerpt:

RESEARCH Research Update: Rating On Singapore Power Lowered To '##-' From '##' With Negative Outlook; Off Watch Publication date: 31-Mar-2008 Primary Credit Analyst: Anshukant Taneja, Singapore (65) 6239-6340; anshukant_taneja@standardandpoors.com...

Report Type:

Research Update

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

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

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

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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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Rating On Singapore Power Lowered To 'AA-' From 'AA' With Negative Outlook; Off Watch" Mar 31, 2008. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-Singapore-Power-Lowered-To-AA-From-AA-With-Negative-Outlook-Off-Watch-640046>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Rating On Singapore Power Lowered To 'AA-' From 'AA' With Negative Outlook; Off Watch Mar 31, 2008. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-Singapore-Power-Lowered-To-AA-From-AA-With-Negative-Outlook-Off-Watch-640046>

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