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S&P CUTS AUSTRALIAN GAS LIGHT RATING AFTER SOUTHERN HYDRO DEAL.
SYDNEY, Dec 1 Asia Pulse - International ratings agency Standard & Poor's Ratings Services has cut the Australian Gas Light Co's (AGL) (ASX:AGL) credit rating after the completion of the company's A$1.425 billion (US$1.05 billion) acquisition of Southern Hydro.
AGL bought the renewable energy power generation assets, comprising 11 hydro power stations in Victoria and NSW and Australia's largest wind farm located in South Australia, from New Zealand company Meridian Energy.
S&P lowered AGL's corporate credit ratings to BBB-plus/Asia Pulse from A/A1, and said the ratings ...
- AUSTRALIA'S AGL MAY BE PAYING TOO MUCH FOR SOUTHERN HYDRO ASSETS.
- News wire article from: AsiaPulse News November 1, 2005 700+ words
...PERTH, Nov 1 Asia Pulse - Australian Gas Light Company's (ASX...wind power energy assets of Southern Hydro, analysts say. AGL plans...said the price paid for Southern Hydro was high relative to peer...takeover target." With the Southern Hydro acquisition added to the...
- BIDDING FOR AUSTRALIA'S SOUTHERN HYDRO CLOSES TODAY.
- News wire article from: AsiaPulse News March 17, 2003 700+ words
...Pulse - Bidding for Southern Hydro closes today with...Origin Energy Ltd, the Australian Gas Light Company (ASX...intention to sell Southern Hydro and various holding...2003. Alliant bought Southern Hydro from Australian Infrastructure...
- ALLIANT ENERGY AUSTRALIA TO SELL SOUTHERN HYDRO.
- News wire article from: AsiaPulse News November 28, 2002 700+ words
...Victorian based renewable peaking generator Southern Hydro. The intended sale of Southern Hydro follows the announcement earlier this week...energy assets in Australia, which comprise Southern Hydro and various holding companies. "Southern...
- XL Trading Partners Announces Completion of Structured Rainfall Protection...
- Press release article from: Business Wire February 12, 2003 700+ words
...today announced completion of a structured rainfall protection program for Southern Hydro Partnership, an Australian energy company ("Southern Hydro"). Southern Hydro's operations are highly dependent upon rainfall levels. Under the terms...
- SOUTHERN HYDRO PLANS NEW HYDRO-ELECTRIC FACILITY IN VICTORIA.
- News wire article from: AsiaPulse News April 16, 2004 700+ words
...16 Asia Pulse - Hydro energy company Southern Hydro Pty Ltd said it plans to build and...provide for the plant's construction, Southern Hydro said. "Without the Federal Government...not have been able to be pursued," Southern Hydro's chief executive Simon Maher said...
- NZ'S MERIDIAN ENERGY EYES IMPROVEMENT OF SOUTHERN HYDRO.
- News wire article from: AsiaPulse News March 24, 2003 700+ words
...March 24 Asia Pulse - Australian based Southern Hydro may be improved by New Zealand's...Australian investment, principally Southern Hydro, the largest privately owned hydroelectric...discuss the impact of the acquisition on Southern Hydro's 80 employees, but noted opportunities...
- AUSTRALIA'S ORIGIN ENERGY LOOKING TO PURCHASE SOUTHERN HYDRO.
- News wire article from: AsiaPulse News February 20, 2003 700+ words
...it was looking at the possible purchase of Alliant Energy (Australia)'s Victorian based renewable peaking generator Southern Hydro. Origin managing director Grant King said Origin was looking at a number of strategic purchases, particularly generation...
- FITCH PLACES AUSTRALIAN GAS LIGHT CO ON RATING WATCH NEGATIVE.
- News wire article from: AsiaPulse News October 31, 2005 700+ words
...A/F1 senior unsecured and short-term ratings on The Australian Gas Light Co Ltd (ASX:AGL) on rating watch negative. The move came after AGL said it would acquire Southern Hydro Ltd (SHL) for A$1.425 billion (US$1.08 billion...
Source: HighBeam Research, S&P CUTS AUSTRALIAN GAS LIGHT RATING AFTER SOUTHERN HYDRO DEAL.