- Language: English
- Published: January 2013
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
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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 ratings to 'D'. We also are lowering our corporate credit rating on Energy Future Competitive Holdings Co. (EFCH) to 'SD' On April 20, 2011, Standard & Poor's Ratings Services lowered its corporate credit ratings on TCEH and EFCH to 'SD' from 'CC' following completion of the amendment to and extension of maturities of TCEH's senior secured credit facilities. We lowered our issue ratings on TCEH's senior secured credit facilities to 'D' from 'CC'...
Companies mentioned in this report are: Texas Competitive Electric Holdings Co. LLC,Energy Future Holdings Corp.,Energy Future Competitive Holdings Co.
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Texas Competitive Electric Holdings Co. LLC,Energy Future Holdings Corp.,Energy Future Competitive Holdings Co.
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