Sydkraft ratings unaffected by Fortum asset swap

Sydkraft AB’s credit ratings and outlook will remain unaffected by the company’s agreed 800 million-euro asset swap with Finland’s Fortum Oyj, global rating agency Standard & Poor’s said.

S&P said that its ratings and outlook on Sweden-based energy utility company Sydkraft (A+/Stable/A-1) remain unaffected by the assets swap, largely including Sydkraft's Norwegian assets, between Fortum and Sydkraft's majority owner E.ON