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Ameren Corp.'s Commercial Paper Is Rated 'A-1' Dec 99
Standard & Poors, Dec 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) Dec. 10, 1999--Standard & Poor's today assigned its 'A-1' rating to Ameren Corp.'s $500 million 3(A)3 commercial paper program. In addition, a short-term corporate credit rating of 'A-1' was assigned to the company. The dealers for the commercial paper are Banc of America Securities LLC and Chase Securities. Proceeds will be used for working capital at the company's unregulated subsidiaries, a significant portion of which will be used to make progress payments on combustion turbines that have been purchased by Ameren Intermediate Holding Co. Upon formation of Ameren's unregulated generating subsidiary, the combustion turbines will be transferred to and permanently financed at a subsidiary of Ameren Intermediate. Ameren was created Dec. 31, 1997, as...
Companies mentioned in this report are: Ameren Corp.,Ameren Illinois Co.,Ameren Missouri
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.
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