|
|
 |
|
Viewing report
|
|
|
|
Ameren Corp. Adjustable Conversion-Rate Equity Security Units Rated 'A'; Outlook Negative Feb 02
Standard & Poors, Feb 2002
Abstract
NEW YORK (Standard & Poor's) Feb. 19, 2002--Standard & Poor's today assigned its single-'A' rating to Ameren Corp.'s adjustable conversion-rate equity security units of up to $500 million. Each unit will consist of a stock purchase contract and a senior note, both issued by Ameren. The notes are unsecured and rank equally with all of Ameren's other unsecured senior obligations. The notes will not mature until 2007, or two years following the mandatory equity purchase. Proceeds from the units will be used to reduce short-term debt and for general corporate purposes. The outlook remains negative. The structure of the units incorporates a two-year mismatch between the mandatory issuance of equity (three years) and the maturity of the senior notes (five...
Companies mentioned in this report are: Ameren Corp.,Ameren Illinois Co.,Ameren Missouri,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.
|
|
|
|
