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Ameren Corp.'s $1.5 Billion Shelf Registration is Rated Jun 02
Standard & Poors, June 2002
Abstract
NEW YORK (Standard & Poor's) June 7, 2002--Standard & Poor's today assigned its preliminary rating of single-'A' to the senior and subordinated debt securities and single-'A'-minus to the trust-preferred securities filed by Ameren Corp. under a $1.5 billion shelf registration which also includes common stock, stock purchase contracts, and stock purchase units. Proceeds will be used to finance ongoing construction and maintenance programs, repay outstanding debt, and finance strategic investments in, or future acquisitions of, other entities or assets, including Ameren's pending acquisition of CILCORP Inc. On April 29, 2002, Standard & Poor's placed its ratings of Ameren Corp. and subsidiaries Union Electric Co. and Central Illinois Public Service Co. on CreditWatch with negative implications. Ameren's unregulated generating subsidiary AmerenEnergy...
Companies mentioned in this report are: Ameren Corp.,Ameren Illinois Co.,Ameren Missouri,CILCORP Inc.,The AES Corp.,AmerenEnergy Generating Co.
Action: New Rating
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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