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BULLETIN: MCN Energy Group and DTE Energy Modify Merger Terms Feb 01
Standard & Poors, Feb 2001
Abstract
Corporate credit rating: MCN Energy Group Inc. BBB+/Watch Neg/-- DTE Energy Co. BBB/Stable/A-2 Standard & Poor's views DTE Energy Co.'s and MCN Energy Group Inc.'s announcement to modify their merger terms as supportive of DTE Energy Co.'s pro forma financial structure, by limiting the amount of incremental consolidated debt associated with the merger. Standard & Poor's will resolve the CreditWatch listing after necessary regulatory approvals and a comprehensive review of the consolidated company's business and financial profile....
Companies mentioned in this report are: DTE Enterprises,DTE Energy Co.
Action: S&P Event
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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