SINGAPORE (Standard & Poor's) Oct. 7, 2003--Standard & Poor's Ratings Services said today it placed its 'AAA' long-term ratings on Singapore Power Ltd. (SingPower) on CreditWatch with negative implications. The action is due to the potential weakening of the SingPower group's financial profile, which would result if there were a substantial increase in its debt burden, as reported in various media. "The rating action has been triggered by several media reports indicating that the SingPower group is likely to proceed shortly with a debt issue of about Singapore dollar (S$) 4 billion (US$2.3 billion), doubling its current burden," said Sharad Jain, credit analyst and director in Standard & Poor's Corporate and Infrastructure Ratings Group. "Based on the information available publicy,
