Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Singapore Power Ltd.

Singapore Power Ltd.

Published Sep 21, 2006

5573 words — Published Sep 21, 2006

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Natural monopoly in key businesses. Some degree of geographic and business diversity. Expected shareholder and government support. Intermediate financial profile. Singapore Power Ltd. (SingPower) generated operating revenue of Singapore dollar (S$) 4.84 billion (US$3.08 billion), net income of S$1.32 billion and funds from operations (FFO) of S$1.55 billion in fiscal 2006. This was mainly through its core electricity and gas transmission and distribution businesses in Singapore (through 100%-owned SP PowerAssets [SPPA, AA/Stable/--]) and Australia (through 51%-owned SP AusNet [A/Stable/--]). SingPower also owns a number of smaller companies providing electricity billing services and power generation in South Korea. The rating on SingPower is based on the following strengths: Natural monopoly in key businesses. About 93% of SingPower's businesses are natural monopolies

Brief Excerpt:

RESEARCH Singapore Power Ltd. Publication date: 21-Sep-2006 Corporate Credit Rating ##/Stable/-- Financial risk profile: Intermediate to aggressive Debt maturities: (At July 31, 2006) Fiscal 2007: S$1,022 million 2008: S$1,397 million...

Report Type:

Full Report

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

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

Higher Debt Funding For Asset Purchase Will Affect Singapore Power, SP PowerAssets Ratings – 2007/11/08 – US$ 150.00

Summary: Singapore Power Ltd. – 2007/12/07 – US$ 225.00

Singapore Power Ltd. – 2007/12/07 – US$ 500.00

'AA' Ratings On SingPower And SP PowerAssets Affirmed On Business Stability – 2006/09/21 – US$ 150.00

Research Update: 'AA' Ratings On Singapore Power Ltd. Affirmed With Stable Outlook – 2006/09/21 – US$ 225.00

Singapore Power Ltd. – 2005/11/18 – US$ 500.00

Summary: Singapore Power Ltd. – 2005/11/18 – US$ 225.00

'AA' Ratings On SingPower, SP PowerAssets Affirmed After IPO For Australian Assets Announced – 2005/11/07 – US$ 150.00

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. "Singapore Power Ltd." Sep 21, 2006. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Singapore-Power-Ltd-533485>

APA:	S&P Global Ratings’ Credit Research. (). Singapore Power Ltd. Sep 21, 2006. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Singapore-Power-Ltd-533485>

US$ 500.00

$ £ €

Have a Question?

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

Example Report

Click to View Sample Report

More Research

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