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.
- Union Electric Co. d/b/a Ameren Missouri
Action: Outlook Revised
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Research type: News
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