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Article: R&I rates at preliminary AA+ Okinawa Electric Power's shelf registration.
- Article from:
- ADP Debt News
- Article date:
- September 28, 2009
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(ADPnews) - Sep 28, 2009 - R&I assigned Monday a preliminary AA+ rating to the shelf registration of Japan's utility Okinawa Electric Power Co Inc (TYO:9511), or OEPC.
The utility supplies electricity in the Okinawa prefecture.
Since it has an independent power grid, competitive pressure from new entrants or peers is very limited, the agency said.
Furthermore, population growth in its service area is relatively high, suggesting potential growth in demand for consumer-use electricity, R&I added.
Thus, the demand structure is relatively steady, according to the rater.
On the other hand, the analysts consider that OEPC's ...