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BULLETIN: Rating on DTE Energy Center Bonds Not Affected by Downgrade of DTE Energy Co. Dec 04
Standard & Poors, Dec 2004
Abstract
NEW YORK (Standard & Poor's) Dec. 1, 2004-- Standard & Poor's Ratings Services today said that its action to lower the corporate credit ratings on DTE Energy Co. and its regulated utility affiliates to 'BBB' from 'BBB+' will not affect the 'BBB' rating on DTE Energy Center LLC's (DTEEC) $244 million, 7.46% senior secured bonds. DTEEC is a joint venture entity, 50% of which is indirectly owned by DTE Energy Services Inc., an indirect wholly owned subsidiary of DTE Energy Co., and 50% by an affiliate of The Goldman Sachs Group Inc. DTEEC provides utility services to Daimler Chrysler Corp. at certain DaimlerChrysler North American manufacturing facilities pursuant to long-term services agreements. DTE Energy Services Inc. provides the management and...
Companies mentioned in this report are: DTE Energy Center LLC,Goldman Sachs Group Inc. (The),DTE Energy Co.
Action: Bulletin
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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