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Summary: Ameren Illinois Co. Dec 11
Standard & Poors, December 2011
The ratings on Ameren Illinois Co. (AI) 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.) AI's excellent business risk profile reflects its lower-risk pure transmission and distribution (T&D) operations. The company serves about 1.2 million electric customers and 813,000 gas customers in central and southern Illinois, regulated by the Illinois Commerce Commission. Additionally, the company's electric transmission lines, which constitute about 13% of the company's total rate base and are regulated by the Federal Energy Regulatory Commission, provide some added diversification. Overall, we view the...
Companies mentioned in this report are: Ameren Illinois Co.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Ameren Illinois Co.