A fully regulated electric and gas company; Lower risk transmission and distribution businesses; and Near-term improved financial measures. Affiliation with the higher-risk operations and less dependable cash flows from Ameren's merchant generation business; and Rising regulatory risk in Illinois. The ratings on Ameren Illinois reflect Ameren Corp.'s (Ameren) consolidated credit profile. The ratings also reflect Ameren Illinois' excellent business risk profile and Ameren's consolidated significant financial risk profile. Ameren's subsidiaries include rate regulated utilities Ameren Illinois and Ameren Missouri, and merchant energy company AmerenEnergy Generating Co. (GenCo.) As of Sept. 30, 2010, Ameren had about $7.7 billion of total debt outstanding. Based on the combination of future earnings, cash flow, capital expenditures, and credit risk exposure, we view Ameren as...
Companies mentioned in this report are:
- Ameren Illinois Co.
- Ameren Corp.
- Illinois Power Generating Co.
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