|
|
 |
|
Viewing report
|
|
|
|
Ameren Corp. Dec 10
Standard & Poors, Dec 2010
Abstract
A mostly regulated electric and gas company; Decreasing regulatory risk in Missouri; and Near-term improved financial measures. Higher-risk operations and less dependable cash flows from the company's merchant generation business; and Rising regulatory risk in Illinois. The ratings on Ameren reflect its consolidated credit profile. The ratings also reflect Ameren's satisfactory business risk profile and 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 about 75% regulated and 25% merchant generation. The consolidated...
Companies mentioned in this report are: Ameren Corp.,Ameren Illinois Co.,Ameren Missouri,AmerenEnergy Generating Co.
Action: Review
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: Full Analysis
|
|
|
|
