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Singapore Power Ratings On WatchPos On Announcement Of Sale Of Australian Merchant Business

Published Mar 08, 2005

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About This Report

Abstract:

SINGAPORE (Standard&Poor's) March 9, 2005--Standard&Poor's Ratings Services today placed its 'AA-' corporate credit ratings on Singapore Power Ltd. (SingPower) and that of its wholly-owned subsidiary SP PowerAssets Ltd., on CreditWatch with positive implications. The action follows SingPower's announcement that it has agreed to sell its Australian merchant energy business division to CLP Holdings Ltd. (A+/Watch Neg/A-1). The sale is expected to be completed by the end of May 2005, and is valued at about A$2.1 billion (US$1.7 billion). The rating action reflects the expected improvement in SingPower's financial and business risk profiles as a result of the sale. Standard&Poor's expects SingPower to use a material part of the proceeds from the sale to repay

Report Type:

Ratings Action

Ticker

SP@SP

Issuer

Singapore Power Ltd.

GICS

Multi-Utilities (55103010)

Sector

Asset-Backed Securities, Electric, Global Issuers, Structured Finance, Utilities

Country

Singapore

Region

Europe, Middle East, Africa

Format:

HTML

Singapore Power Ratings Remain On Watch Positive; Expected To Be Raised To 'AA' – 2005/05/16 – US$ 150.00

Research Update: Singapore Power Ratings Stay On Watch Positive; Expected To Be Raised To 'AA' – 2005/05/16 – US$ 225.00

Ratings On Singapore Power, SP PowerAssets Raised To 'AA' After Sale Of Merchant Business – 2005/05/31 – US$ 150.00

Research Update: Ratings On Singapore Power, SP PowerAssets Raised To 'AA'; Off Watch Positive – 2005/05/31 – US$ 225.00

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

Research Update: Singapore Power's Rating On Watch Positive On Announcement Of Sale Of Australian Unit – 2005/03/08 – US$ 225.00

Summary: Singapore Power Ltd. – 2004/10/14 – US$ 225.00

Singapore Power Ltd. – 2004/10/14 – US$ 500.00

Research Update: Singapore Power Ltd. – 2004/08/04 – US$ 225.00

Singapore Power's Long-Term Rating Lowered to 'AA-' After Acquisition of TXU Australia – 2004/08/02 – US$ 150.00

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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. "Singapore Power Ratings On WatchPos On Announcement Of Sale Of Australian Merchant Business" Mar 08, 2005. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Singapore-Power-Ratings-On-WatchPos-On-Announcement-Of-Sale-Of-Australian-Merchant-Business-426965>

APA:	S&P Global Ratings’ Credit Research. (). Singapore Power Ratings On WatchPos On Announcement Of Sale Of Australian Merchant Business Mar 08, 2005. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Singapore-Power-Ratings-On-WatchPos-On-Announcement-Of-Sale-Of-Australian-Merchant-Business-426965>

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