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SingPower, SPPA Ratings Remain On Watch Neg After Cancellation Of Alinta Deal With SP Ausnet

Published Dec 12, 2007

730 words — Published Dec 12, 2007

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About This Report

Abstract:

SINGAPORE (Standard&Poor's) Dec. 12, 2007--Standard&Poor's Ratings Services said today that its 'AA' corporate credit ratings on Singapore Power Ltd. (SingPower) and on its 100% owned subsidiary SP PowerAssets Ltd. (SPPA) remain on CreditWatch with negative implications, where they were initially placed on March 30, 2007, following the decision by SingPower's subsidiary, SP AusNet Group (A/Watch Neg/--), to not proceed with the purchase of Alinta Ltd.' s (BBB/Watch Neg/--) assets from SingPower. It is likely that SingPower may continue to hold the Alinta-related assets and may bear the entire burden of financing this acquisition, which potentially places further downward pressure on its ratings. The CreditWatch on SingPower and SPPA will be resolved after clarification of the financing

Brief Excerpt:

RESEARCH SingPower, SPPA Ratings Remain On Watch Neg After Cancellation Of Alinta Deal With SP Ausnet Publication date: 12-Dec-2007 Primary Credit Analyst: Anshukant Taneja, Singapore (65) 6239-6340; anshukant_taneja@standardandpoors.com...

Report Type:

Ratings Action

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 SingPower And SP PowerAssets Lowered To 'AA-' From 'AA' With Negative Outlook – 2008/03/31 – 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

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. – 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

SingPower, SP PowerAssets, SP AusNet Placed On Watch Negative After Alinta Joint Acquisition – 2007/03/30 – US$ 150.00

Research Update: SingPower, SP PowerAssets, SP AusNet Placed On Watch Negative After Alinta Joint Acquisition – 2007/03/30 – US$ 225.00

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.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "SingPower, SPPA Ratings Remain On Watch Neg After Cancellation Of Alinta Deal With SP Ausnet" Dec 12, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/SingPower-SPPA-Ratings-Remain-On-Watch-Neg-After-Cancellation-Of-Alinta-Deal-With-SP-Ausnet-619207>

APA:	S&P Global Ratings’ Credit Research. (). SingPower, SPPA Ratings Remain On Watch Neg After Cancellation Of Alinta Deal With SP Ausnet Dec 12, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/SingPower-SPPA-Ratings-Remain-On-Watch-Neg-After-Cancellation-Of-Alinta-Deal-With-SP-Ausnet-619207>

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