SP Ausnet gets debut A1 rating - Breaking News - Business - Breaking News

Electricity and gas utility SP AusNet has been given an A1 long-term corporate family rating by ratings agency Moody's.
Moody's said the rating, which is the first it has assigned to the infrastructure fund, reflected a baseline credit assessment of low three on a scale of one to six, where one is the lowest risk.
The rating also reflected the Aa1 rating of Singapore Power, which owns 51 per cent of SP AusNet, Moody's said.
SP Ausnet's rating could be at risk of downgrade if the distributions from its subsidiaries were threatened by equity lock ups, but Moody's said this was unlikely to happen in the next five years.