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Ameren and Units Ratings Placed on CreditWatch Negative After Acquisition Announcement Feb 04
Standard & Poors, Feb 2004
Abstract
NEW YORK (Standard & Poor's) Feb. 3, 2004--Standard & Poor's Ratings Services said today that it placed 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., and AmerenEnergy Generating Co. on CreditWatch with negative implications. The 'A-2' short-term corporate credit and commercial paper ratings were not placed on CreditWatch. At the same time, Standard & Poor's placed its 'B' corporate credit rating on Illinois Power Co., whose credit profile is much weaker that that of Ameren, on CreditWatch with positive implications (see media release on Illinois Power). The CreditWatch listing on Ameren reflects the announcement that it has signed a...
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: On CreditWatch:Negative
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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