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Ameren Corp. And Units Corporate Credit Ratings Cut To 'BBB+', Put On Watch Neg Oct 05
Standard & Poors, Oct 2005
Abstract
NEW YORK (Standard & Poor's) Oct. 3, 2005--Standard & Poor's Ratings Services said today that it lowered its long-term corporate credit ratings on utility holding company Ameren Corp. and its units to 'BBB+' from 'A-' and placed the ratings on CreditWatch with negative implications. Standard & Poor's also placed its 'A-2' short-term corporate credit and commercial paper ratings on Ameren and its unit, Union Electric Co., on CreditWatch with negative implications. Standard & Poor's 'A-' rating on the first mortgage bonds of Ameren's units, Central Illinois Public Service Co. and Central Illinois Light Co., remained unchanged as a result of the strong collateral value of the utility property securing these bonds; however, Standard & Poor's placed these ratings on CreditWatch...
Companies mentioned in this report are: Ameren Corp.,Central Illinois Light Co.,Ameren Illinois Co.,Ameren Missouri
Action: Downgraded
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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