S&P affirms State Grid International

S&P said it affirmed its A long-term issuer credit rating on State Grid International Development Ltd. (SGID). The outlook is stable.

At the same time, S&P also affirmed its A long-term issue rating on the outstanding euro-denominated notes that SGID guarantees. SGID is the primary investment platform for international expansion under State Grid Corp. of China (SGCC: A+/stable/--), China's largest power grid operator.

“We affirmed the ratings because we expect SGID to remain disciplined with future investments and expansion in high-risk countries. We also expect the company's weighted average exposure to countries with lower foreign-currency ratings to remain steady over the next two to three years,” S&P said in a news release.

© 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.