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Ameren and Units Ratings Affirmed, Off Watch Neg Jul 04
Standard & Poors, July 2004
Abstract
NEW YORK (Standard & Poor's) July 30, 2004--Standard & Poor's Ratings Services said today that it affirmed its 'A-' long-term corporate credit ratings on utility holding company Ameren Corp. and its subsidiaries, Union Electric Co., Central Illinois Public Service Co., CILCORP Inc., Central Illinois Light Co. (CILCO), and AmerenEnergy Generating Co., and removed the ratings from CreditWatch with negative implications. The 'A-2' short-term corporate credit ratings on Ameren and Union Electric were not on CreditWatch. The outlook is negative. The long-term ratings were originally placed on CreditWatch Feb. 3, 2004 after Ameren agreed to purchase the stock of Illinois Power Co. and a 20% interest in Electric Energy Inc. from Dynegy Inc. The 'B' corporate credit rating on Illinois Power,...
Companies mentioned in this report are: Ameren Corp.,Central Illinois Light Co.,Ameren Illinois Co.,Illinois Power Co.,Ameren Missouri,CILCORP Inc.,AmerenEnergy Generating Co.
Action: Affirmed
Action: Removed From CreditWatch
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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