HONG KONG (Standard & Poor's CreditWire) Aug. 23, 2000--Standard & Poor's today assigned its triple-'A' rating to Singapore Power Ltd.'s (SP) Singapore dollar (S$) 300 million senior unsecured medium-term notes due 2007. The ratings on SP reflect the company's extremely strong financial profile, the low risk in its principal ongoing business in power transmission and distribution, and a relatively supportive policy and regulatory environment. Its credit standing is enhanced to some extent by its ownership by the government of Singapore (AAA/Stable/A-1+). SP is a vertically integrated electricity utility that commands a monopoly position in power transmission, distribution, and supply, as well as a dominant position in generation. The company has an extremely strong financial profile, with total assets of US$7.2
