As a result of the announcement of the impending sale (subject to conditions precedent) of 60% of  Singapore Power International’s stake in SPI (Australia) Assets Pty Ltd, Standard & Poor’s lowered the company’s long term corporate credit and senior unsecured debt rating from A- to BBB.

However, S&P has announced that it had reviewed its ratings on the corporate industrial and utility companies that were labelled as “under criteria observation” after the publishing of its

revised corporate criteria on 19 November 2013 and has confirmed that as a result, the company’s  credit rating will likely be raised.

S&P has not yet specified what the rating is likely to be raised to.

Michelle is a freelance journalist and editor who, as well as covering all the latest and breaking industry news, is a gun proofreader and editor who never misses a trick.


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