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Research Update: Texas Competitive Electric Holdings Lowered To 'SD' After Debt Extension Product Image

Research Update: Texas Competitive Electric Holdings Lowered To 'SD' After Debt Extension

  • Published: April 2011
  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

Abstract
Texas Competitive Electric Holdings Co. LLC (TCEH) completed the amendment to and extension of maturities of its senior secured credit facilities. Energy Future Holdings Corp. (EFH) indirectly owns TCEH. We are lowering our corporate credit rating on TCEH to 'SD' and lowering TCEH's senior secured credit facility READ MORE >

Texas Competitive Electric Holdings Co. LLC,Energy Future Holdings Corp.,Energy Future Competitive Holdings Co.

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