Research Update: SP PowerAssets Rating Lowered To 'AA-' From 'AA' Following Downgrade On SingPower - S&P Global Ratings’ Credit Research

Research Update: SP PowerAssets Rating Lowered To 'AA-' From 'AA' Following Downgrade On SingPower

Research Update: SP PowerAssets Rating Lowered To 'AA-' From 'AA' Following Downgrade On SingPower - S&P Global Ratings’ Credit Research
Research Update: SP PowerAssets Rating Lowered To 'AA-' From 'AA' Following Downgrade On SingPower
Published Mar 31, 2008
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 SP PowerAssets Ltd. (SPPA), the 100% owned subsidiary of Singapore Power Ltd. (SingPower), to 'AA-' from 'AA'. The outlook is negative. At the same time, Standard&Poor's lowered its senior unsecured issue ratings on SPPA to 'AA-' from 'AA'. The ratings on SPPA were removed from CreditWatch with negative implications, where they were initially placed on March 30, 2007, after SingPower (AA-/Negative/--) and consortium partner Babcock&Brown Ltd. (not rated) announced their successful bid to acquire the whole of the issued share capital of Alinta Ltd. The ratings had remained on CreditWatch with negative implications, after the December 2007 decision by SingPower's subsidiary,

  
Report Type:

Research Update

Ticker
263447Z@SP
Issuer
SP PowerAssets Ltd.
GICS
Electric Utilities (55101010)
Sector
Global Issuers, Structured Finance
Country
Singapore
Region
Emerging Markets
Format:
HTML HTML
Buy Now

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

Summary: SP PowerAssets Ltd. – 2009/02/03 – US$ 225.00

SP PowerAssets Ltd. – 2009/11/05 – US$ 500.00

Summary: SP PowerAssets Ltd. – 2009/11/05 – US$ 225.00

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

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

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

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

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: SP PowerAssets Rating Lowered To 'AA-' From 'AA' Following Downgrade On SingPower" Mar 31, 2008. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-SP-PowerAssets-Rating-Lowered-To-AA-From-AA-Following-Downgrade-On-SingPower-640047>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: SP PowerAssets Rating Lowered To 'AA-' From 'AA' Following Downgrade On SingPower Mar 31, 2008. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-SP-PowerAssets-Rating-Lowered-To-AA-From-AA-Following-Downgrade-On-SingPower-640047>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.