Sydney, November 25, 2015 -- Moody's Investors Service says that Spark Infrastructure Trust's ("Spark") announcement that the consortium in which it owns a 15.01% interest was successful in its bid for the privatization of TransGrid (unrated) has no effect on Spark's Baa1 issuer rating and stable outlook. The total purchase consideration (including transaction costs) is AUD10.392 billion, which is to be funded by AUD5.500 billion of new asset level debt and AUD4.892 billion of equity, of which Spark's share is AUD734 million.
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