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Ameren Corp. & Affls Ratings Affirmed; Outlook Revised to Negative Jan 00
Standard & Poors, Jan 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Jan. 26, 2000--Standard & Poor's today affirmed its ratings on Ameren Corp. and primary subsidiaries, Union Electric Co. (UE, doing business as AmerenUE) and Central Illinois Public Service Co. (CIPS, doing business as AmerenCIPS), and revised the outlooks to negative from stable (see list below). At the same time, Standard & Poor's assigned its single-'A'-plus bank loan rating (BLR) to Ameren's $300 million 364-day senior unsecured revolving facility. The negative outlook reflects Ameren's challenge to maintain financial performance measures commensurate with the increasing business risk, which is inherent in the company's strategy to aggressively grow its unregulated generation operations. Although the debt incurred by Ameren to finance its merchant capacity does not affect UE's...
Companies mentioned in this report are: Ameren Corp.,Ameren Illinois Co.,Ameren Missouri
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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