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A Sluggish Economy And Pending Regulations Are The Biggest Risks To U.S. Public Power Credit Quality, Report Says Jan 12
Standard & Poors, Jan 2012
Abstract
NEW YORK (Standard & Poor's) Jan. 19, 2012--A double whammy of economic and regulatory risks is bearing down on U.S. public utilities. In a report released today, Standard & Poor's Ratings Services said it believes that in the next 12 months, credit quality will remain solid and ratings will stay stable, due in large part to public power's rate-setting autonomy and lack of competition for retail customers. 'However, we believe the long-term picture is less than clear, with potential problems for some utilities that do not respond effectively to rising costs,' said Standard & Poor's credit analyst Jeffrey Panger in the report, entitled 'A Sluggish Economy And Developing Regulations Remain The Biggest Shocks To U.S. Public Power Credit Quality.' We...
Action: General Comment
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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