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Ameren Corp. Outlook Revised To Negative Oct 01
Standard & Poors, Oct 2001
Abstract
NEW YORK (Standard & Poor's) Oct. 5, 2001--Standard & Poor's today revised its credit outlook for Ameren Corp. (single-'A'-plus) and its subsidiaries- Union Electric Co. (UE, single-'A'-plus), Central Illinois Public Service Co. (CIPS, single-'A'-plus), and AmerenEnergy Generating Co. (AEGC, triple-'B'-plus)--to negative from stable. The outlook change reflects the company's eroding consolidated financial profile that just last year was robust for current ratings. Potentially significant electric rate reductions at UE, lower forward energy prices, additional financing requirements for installation of a block of combustion turbines, and higher operating expenses will pressure cash flow, earnings protection measures, and capital structure balance. To maintain current ratings, Standard & Poor's considers it necessary that the company's overall financial condition strengthens. Although Standard & Poor's...
Companies mentioned in this report are: Ameren Corp.,Ameren Illinois Co.,Ameren Missouri,AmerenEnergy Generating Co.
Action: Outlook Revised
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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