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Prospect News home > News index > List of issuers I > Headlines for International Power plc > News item
Published on 11/23/2004 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

S&P: International Power still on watch

Standard & Poor's said that its BB long-term issuer credit and senior unsecured debt ratings on International Power plc remain on CreditWatch negative because its ambitious acquisition schedule is not yet completed, despite some progress.

The ratings were placed on CreditWatch on July 30 owing to International Power's involvement in a number of transactions at the same time.

Since the CreditWatch placement, S&P said International Power has successfully closed its share rights issue and raised £290 million. It is also making progress in the acquisition of the EME portfolio and has completed the purchase of Turbogas.


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