Huaneng Power on negative watch after news of Tuas acquisition - S&P

CNNMoney.com
18 Mar 2008

MUMBAI, Mar. 18, 2008 (Thomson Financial delivered by Newstex) -- Standard & Poor's (NYSE:MHP) Ratings Services placed its 'BBB+' long-term corporate credit rating on Huaneng Power International Inc (NYSE:HNP) on negative wath after holding company China Huaneng Group said it has bought Tuas Power Ltd from Temasek Holdings Pte Ltd for 4.24 bln sgd.

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