S&P affirms Scottish Power Finance, view stable

Standard & Poor's said it revised its rating outlook to stable from developing and affirmed its A- corporate credit rating on Scottish Power Finance U.S. Inc.

The outlook revision reflects S&P's view that Scottish Power U.K. plc does not intend to sell PPM Energy in the short-term, the agency said.

On Feb. 1, S&P said it revised its rating outlook on Scottish Power Finance to developing from stable following remarks by Scottish Power's new chief executive officer, in light of the then pending sale of PacifiCorp to MidAmerican Energy Holdings Co. (A-/stable), that PPM Energy's place in ScottishPower's portfolio of businesses would be reviewed and that PPM Energy could be sold.

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