Research Update: Ratings On Singapore Power, SP PowerAssets Raised To 'AA'; Off Watch Positive - S&P Global Ratings’ Credit Research

Research Update: Ratings On Singapore Power, SP PowerAssets Raised To 'AA'; Off Watch Positive

Research Update: Ratings On Singapore Power, SP PowerAssets Raised To 'AA'; Off Watch Positive - S&P Global Ratings’ Credit Research
Research Update: Ratings On Singapore Power, SP PowerAssets Raised To 'AA'; Off Watch Positive
Published May 31, 2005
Published May 31, 2005
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On June 1, 2005, Standard&Poor's Ratings Services raised its corporate credit ratings on Singapore Power Ltd. (SingPower) and its wholly owned subsidiary, SP PowerAssets Ltd. (SPPA), to 'AA' from 'AA-'. The outlook is stable. At the same time, the ratings were removed from CreditWatch, where they were placed with positive implication on March 9, 2005. The issue ratings on the medium-term notes of SingPower and SPPA were also raised to 'AA' from 'AA-'. The rating upgrade follows the completion of the group's sale of its merchant energy business in Australia to CLP Australia Holdings Pty Ltd. (A/Stable/--). The rating upgrade reflects the group's improved business position that would result from the sale of the merchant energy business, which

  
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:
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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: Ratings On Singapore Power, SP PowerAssets Raised To 'AA'; Off Watch Positive" May 31, 2005. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ratings-On-Singapore-Power-SP-PowerAssets-Raised-To-AA-Off-Watch-Positive-442954>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Ratings On Singapore Power, SP PowerAssets Raised To 'AA'; Off Watch Positive May 31, 2005. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ratings-On-Singapore-Power-SP-PowerAssets-Raised-To-AA-Off-Watch-Positive-442954>
  
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