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Ameren Corp. Acquires CILCORP, Off CreditWatch; Outlook Stable Jan 03
Standard & Poors, Jan 2003
Abstract
NEW YORK (Standard & Poor's) Jan. 31, 2003--Standard & Poor's Ratings Services today lowered its ratings on energy holding company Ameren Corp. (A-/Stable/A-2) and subsidiaries Union Electric Co. (UE, A-/Stable/A-2) and Central Illinois Public Service Co. (CIPS, A-/Stable/--), and raised its ratings on Ameren subsidiary AmerenEnergy Generating Co. (AEGC, A-/Stable/--). At the same time Standard & Poor's raised its ratings on CILCORP Inc. (CILCORP, A-/Stable/--) and its subsidiary Central Illinois Light Co. (CILCO, A-/Stable/--). All ratings are removed from CreditWatch where they were placed on April 29, 2002. The outlooks are stable. In addition, Standard & Poor's assigned its 'BBB+' rating to Ameren's $200 million 364-day unsecured revolving credit facility that expires Dec. 19, 2003. St. Louis, Mo.-based Ameren has...
Companies mentioned in this report are: Ameren Corp.,Central Illinois Light Co.,Ameren Illinois Co.,Ameren Missouri,CILCORP Inc.,The AES Corp.,AmerenEnergy Generating Co.
Action: Downgraded, Off 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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