- Language: English
- Published: February 2012
- ID: 1718348
- 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The 'A-' corporate credit ratings on PacifiCorp reflect what Standard & Poor's Ratings Services views as a "significant" financial profile and is supported by its modest use of leverage to finance a large capital program and adequate cash flow metrics. Its "excellent" business profile benefits from the geographical, market, and regulatory diversity provided by its six-state service territory. PacifiCorp is an electric utility that serves customers under the name Rocky Mountain Power in Utah, Wyoming, and Idaho, and as Pacific Power in Oregon, Washington, and California. Utah and Oregon are the most important regions for the company, providing around 42% and 24% of annual retail sales, respectively. PacifiCorp's financial performance has held steady throughout the recession. The utility's credit metrics...
Companies mentioned in this report are: PacifiCorp,Berkshire Hathaway Inc.,MidAmerican Energy Holdings Co.
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PacifiCorp,Berkshire Hathaway Inc.,MidAmerican Energy Holdings Co.