Moody's could lift Singapore Power

Moody's Investors Service said it placed Singapore Power's Aa3 issuer rating, SP Power Assets' Aa3 issuer and senior unsecured bond ratings, and SP Power Assets' provisional Aa3 senior unsecured medium-term note program domestic currency rating on review for upgrade.

At the same time, Moody's placed the ratings of Singapore Power's Australian subsidiaries: SP AusNet (A1), 51% held by SP; SPI (Australia) Assets Pty Ltd. (A3), wholly owned by Singapore Power; and Jemena (A3), wholly owned by SPI (Australia), on review for downgrade.

Moody's said the actions are in response to the divestment announced May 17 of 60% of SPI (Australia) and 19.9% of SP AusNet to State Grid International Development Ltd.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.