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Bulletin: DTE Energy Co.'s Sale Of Gas Properties Doesn't Affect Ratings Dec 07
Standard & Poors, Dec 2007
Abstract
NEW YORK (Standard & Poor's) Dec. 10, 2007--Standard & Poor's Ratings Services said today that DTE Energy Co.'s (BBB/Stable/A-2) announcement regarding the sale of its Barnett Shale gas properties has no immediate effect on its ratings. The sale, which will generate approximately $260 million, reflects DTE's continuing efforts to reduce its exposure to nonregulated businesses....
Companies mentioned in this report are: DTE Energy Co.
Action: Bulletin
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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