European Infrastructure Finance Yearbook - Investing In Bonds ...
European Infrastructure Finance Yearbook - Investing In Bonds ...
European Infrastructure Finance Yearbook - Investing In Bonds ...
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RATINGS LIST<br />
RATINGS LIST<br />
Utilities<br />
Standard & Poor's <strong><strong>In</strong>frastructure</strong> <strong>Finance</strong> Ratings<br />
Name Issuer credit rating* Country<br />
Acea SpA A/Stable/A-1 Italy<br />
Acquedotto Pugliese SpA BBB/Negative/A-3 Italy<br />
AEM SpA BBB/Watch Pos/A-2 Italy<br />
Anglian Water Services Financing PLC Guaranteed debt AAA; senior secured debt A-; subordinated debt BBB U.K.<br />
Artesian <strong>Finance</strong> PLC Senior secured debt AAA U.K.<br />
ASM Brescia SpA A+/Watch Neg/A-1 Italy<br />
Bord Gais Eireann A/Stable/A-1 Ireland<br />
BOT Elektrownia Turow S.A. B/Positive/-- Poland<br />
British Energy Group PLC BB+/Watch Neg/-- U.K.<br />
CE Electric U.K. Funding Co. BBB-/Positive/A-3 U.K.<br />
Centrica PLC A/Negative/A-1 U.K.<br />
CEZ a.s. A-/Stable/-- Czech Republic<br />
C.N. Transelectrica S.A. BB+/Positive/-- Romania<br />
Delta N.V. A-/Negative/-- The Netherlands<br />
DONG Energy A/S BBB+/Positive/A-2 Denmark<br />
Drax Power Ltd. BBB-/Stable/-- U.K.<br />
Dwr Cymru (Financing) Ltd. Secured bank loan A-; senior secured guaranteed AAA; senior secured A-;<br />
subordinated BBB<br />
U.K.<br />
E.ON AG A/Stable/A-1 Germany<br />
E.ON Sverige AB A/Stable/A-1 Sweden<br />
E.ON U.K. PLC A-/Stable/A-2 U.K.<br />
Edison SpA BBB+/Positive/A-2 Italy<br />
EDP - Energias de Portugal, S.A. A-/Negative/A-2 Portugal<br />
Eesti Energia AS A-/Negative/-- Estonia<br />
Electricite de France S.A. AA-/Stable/A-1+ France<br />
EDF Energy PLC A/Stable/A-1 U.K.<br />
RTE EDF Transport S.A. AA-/Stable/A-1+ France<br />
Elia System Operator S.A./N.V. A-/Stable/A-2 Belgium<br />
Enagas S.A. AA-/Stable/A-1+ Spain<br />
EnBW Energie Baden-Wuerttemberg AG A-/Stable/A-2 Germany<br />
Endesa S.A. A/Watch Neg/A-1 Spain<br />
ENECO Holding N.V. A/Negative/A-1 The Netherlands<br />
Enel SpA A/Watch Neg/A-1 Italy<br />
Enemalta Corp. BBB+/Stable/-- Malta<br />
Energie AG Oberoesterreich A+/Negative/-- Austria<br />
Energie Steiermark AG A/Positive/-- Austria<br />
Energinet.dk SOV AA+/Stable/A-1+ Denmark<br />
ESKOM Holdings Ltd. Foreign currency BBB+/Stable/-- South Africa<br />
Essent N.V. A+/Negative/A-1 The Netherlands<br />
EVN AG A/Stable/-- Austria<br />
EWE AG A/Negative/-- Germany<br />
Federal Grid Co. of the Unified Energy System BB+/Watch Pos/-- Russia<br />
Fingrid Oyj A+/Stable/A-1 Finland<br />
Fortum Oyj A-/Stable/A-2 Finland<br />
Gas Natural SDG, S.A. A+/Negative/A-1 Spain<br />
Gaz de France S.A. AA-/Watch Neg/A-1+ France<br />
Hera SpA A/Stable/A-1 Italy<br />
Hrvatska Elektroprivreda d.d. BBB/Stable/-- Croatia<br />
Iberdrola S.A. A/Watch Neg/A-1 Spain<br />
Irkutskenergo, AO EiE<br />
*At Nov. 8, 2007. All ratings are issuer credit ratings unless otherwise stated.<br />
B+/Positive/-- Russia<br />
144 ■ NOVEMBER 2007<br />
STANDARD & POOR’S EUROPEAN INFRASTRUCTURE FINANCE YEARBOOK
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