SP AusNet group's 'A1' ratings still on reveiw for downgrade - Moody's |
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Published
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Mon, 10 Dec 2007 08:54
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MUMBAI (Thomson Financial) - Moody's Investors Service said it is continuing its review for downgrade of the 'A1' ratings of the SP AusNet group, following SP Ausnet's decision not to proceed with the proposed acquisition of the Alinta assets and businesses from Singapore Power International Pte Ltd, a wholly-owned subsidiary of Singapore Power.The review reflects the linkage in the credit profiles of SP AusNet and Singapore Power, whose own 'Aa1' rating also remains on review for possible downgrade, Moody's said.Moody's also said it is continuing the review for upgrade of Alinta LGA Pty Ltd's 'Baa2' senior unsecured debt ratings.SP AusNet's 'A1' corporate family rating is on review for downgrade along with the 'A1' senior unsecured ratings of SPI Electricity & Gas Holdings Pty Ltd, SPI Australia Holdings (Partnership) Ltd Partnership, SPI Electricity Pty Ltd and SPI Australia Finance Pty Ltd; and SPI PowerNet Pty Ltd's 'A1' issuer rating.TFN.newsdesk@thomson.comans/manCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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SP Ausnet ratings still on review for downgrade - Moody's 