SINGAPORE (Standard & Poor's CreditWire) April 19, 2001--Standard & Poor's today assigned its triple-'A' rating to Singapore Power Ltd.'s Singapore dollar (S$) 300 million notes due 2013. The rating reflects the company's strong financial profile, the low risk in its principal ongoing business in power transmission and distribution, and a relatively supportive policy and regulatory environment. As Singapore's only electricity utility, SingPower has historically had a monopoly in power transmission, distribution and supply, and a dominant position in generation. The electricity sector in Singapore is undergoing restructuring and on April 1, 2001, SingPower transferred generating subsidiaries PowerSenoko and PowerSeraya back to its parent, Temasek Holdings (Pte) Ltd., which plans to sell the companies to industry participants over the next 12-18
