SINGAPORE (Standard&Poor's CreditWire) April 13, 2000--Standard&Poor's has published a full credit report on Singapore Power Ltd., to which it recently assigned its triple-'A' local and foreign currency ratings. According to the report, the ratings on SingPower and its US$300 million bond issue 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+). Furthermore, the upcoming restructuring of the country's power industry will see SingPower divest its riskier power generation and supply businesses. The outlook on the ratings is stable. The complete
