Fitch keeps International Power on positive watch

Fitch Ratings said it maintained International Power plc's BB long-term issuer default rating and BB senior bond rating on Rating Watch positive.

The maintenance of the Rating Watch follows the announcement from International Power and GDF Suez SA that EU commission approval has been granted for the merger of International Power and GDF Suez Energy International, Fitch said.

Fitch placed the rating on Rating Watch positive on Aug. 11 after the company announced it would merge with GDF Suez Energy International, the agency said.

Fitch said the combination was positive for International Power's standalone business and financial profile and that the anticipated support from GDF Suez would also potentially be credit-enhancing.

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