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S&P affirms SP PowerAssets
Standard & Poor's said it affirmed its AA- long-term corporate credit rating on SP PowerAssets Ltd.
The outlook remains negative.
At the same time, S&P said that the AA- issue rating on SP PowerAssets' senior unsecured notes has also been affirmed.
In addition, S&P said it assigned its AA- rating to SP PowerAssets' proposed two tranches of senior unsecured notes, comprising a seven-year S$320 million tranche and a 12-year S$280 million tranche.
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