Home Credit Ratings and Research S&P Global Ratings’ Credit Research Genesis Energy Ltd.

Summary: Genesis Energy Ltd.

Published Dec 23, 2013

2228 words — Published Dec 23, 2013

Price US$ 225.00 | Buy this Report Now

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Abstract:

Our issuer rating on Genesis Energy Ltd. is derived from: An anchor of 'bbb', reflecting an assessment of "satisfactory" for the business risk profile and "intermediate" for the financial risk profile for the company. We consider all the modifiers as neutral factors for the rating. The rating incorporates a one-notch uplift due to our view of a "moderate" extraordinary likelihood of support from the New Zealand government should Genesis Energy face financial distress. This is driven by our view of Genesis Energy's important role for the New Zealand economy. Strong market position as the largest electricity and gas retailer and one of the four largest electricity generators in New Zealand; Limited growth investment opportunities given muted expected demand growth and

Brief Excerpt:

RESEARCH Summary: Genesis Energy Ltd. Publication date: 23-Dec-2013 Primary Credit Analyst: Thomas Jacquot, Sydney (61) 2-9255-9872; thomas.jacquot@standardandpoors.com Secondary Contact: Richard Creed, Melbourne (61) 3-9631-2045;...

Report Type:

Summary

Ticker

1157Z@NZ

Issuer

Genesis Energy Ltd.

GICS

Electric Utilities (55101010)

Sector

Global Issuers

Country

New Zealand

Region

Pacific

Format:

HTML

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Bulletin: Genesis Energy's Performance Remains In Line With Our Expectations; Planned Thermal Unit Closure Has No Ratings Impact – 2015/08/25 – Free

Summary: Genesis Energy Ltd. – 2015/12/20 – US$ 225.00

Genesis Energy Ltd.'s Proposed Fixed-Rate Bonds Rated 'BBB+' – 2016/03/08 – US$ 150.00

Issue Rating On Genesis Power Ltd. Capital Bonds Raised To ?BB+? On Completion Of Amendments – 2013/08/20 – US$ 150.00

Bulletin: Genesis Energy?s Ratings Not Affected By Proposed Amendments To Capital Bonds – 2013/05/29 – Free

Issue Rating On Genesis Energy?s Capital Bonds Placed On CreditWatch Positive On Announcement Of Possible Amendments – 2013/05/29 – US$ 150.00

Research Update: Issue Rating On Genesis Energy?s Capital Bonds Placed On CreditWatch Positive On Announcement Of Possible Amendments – 2013/05/29 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Genesis Energy Ltd." Dec 23, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Genesis-Energy-Ltd-1231495>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Genesis Energy Ltd. Dec 23, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Genesis-Energy-Ltd-1231495>

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