Research Update: Rating On Singapore's SP PowerAssets Affirmed At 'AA' On Business Stability; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Rating On Singapore's SP PowerAssets Affirmed At 'AA' On Business Stability; Outlook Stable

Research Update: Rating On Singapore's SP PowerAssets Affirmed At 'AA' On Business Stability; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Rating On Singapore's SP PowerAssets Affirmed At 'AA' On Business Stability; Outlook Stable
Published Sep 21, 2006
1295 words — Published Sep 21, 2006
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Sept. 21, 2006, Standard&Poor's Ratings Services affirmed its 'AA' corporate credit rating on SP PowerAssets Ltd. (SPPA), a wholly owned subsidiary of Singapore Power Ltd. (SingPower; AA/Stable/--). The outlook is stable. SPPA owns the electricity transmission and distribution (T&D) network in Singapore. For the year ended March 31, 2006, SPPA generated operating revenues of Singapore dollars (S$) 1.29 billion (US$813 million), net income of S$402 million, and funds from operations (FFO) of S$773 million. It also contributed 51% of SingPower group EBITDA in fiscal 2006. The rating affirmation on SPPA reflects its continued business stability, and its credit quality is strengthened by a very high degree of revenue and cash flow certainty. In addition, the rating on

  
Brief Excerpt:

RESEARCH Research Update: Rating On Singapore's SP PowerAssets Affirmed At '##' On Business Stability; Outlook Stable Publication date: 21-Sep-2006 Rationale On Sept. 21, 2006, Standard & Poor's Ratings Services affirmed its '##' corporate...

  
Report Type:

Research Update

Ticker
263447Z@SP
Issuer
SP PowerAssets Ltd.
GICS
Electric Utilities (55101010)
Sector
Asset-Backed Securities, Capital Goods, Corporations, Electric, Global Issuers, Sovereigns, Structured Finance, Utilities
Country
Singapore
Region
Emerging Markets
Format:
HTML HTML
Buy Now

SP PowerAssets Ltd. – 2007/12/07 – US$ 500.00

Summary: SP PowerAssets Ltd. – 2007/12/07 – US$ 225.00

SP PowerAssets Ltd. – 2009/02/03 – US$ 500.00

SP PowerAssets Ltd. – 2006/09/21 – US$ 500.00

SP PowerAssets Ltd. – 2005/11/18 – US$ 500.00

Summary: SP PowerAssets Ltd. – 2005/11/18 – US$ 225.00

Summary: SP PowerAssets Ltd. – 2004/10/14 – US$ 225.00

SP PowerAssets Ltd. – 2004/10/14 – US$ 500.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Rating On Singapore's SP PowerAssets Affirmed At 'AA' On Business Stability; Outlook Stable" Sep 21, 2006. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-Singapore-s-SP-PowerAssets-Affirmed-At-AA-On-Business-Stability-Outlook-Stable-533483>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Rating On Singapore's SP PowerAssets Affirmed At 'AA' On Business Stability; Outlook Stable Sep 21, 2006. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Rating-On-Singapore-s-SP-PowerAssets-Affirmed-At-AA-On-Business-Stability-Outlook-Stable-533483>
  
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