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Industry Economic And Ratings Outlook: Continued Ratings Stability Expected For U.S. Regulated Electric Utilities In 2012 Jan 12
Standard & Poors, January 2012
The 2012 credit outlook for the U.S. investor-owned regulated electric utility industry will likely remain stable, in Standard & Poor's Ratings Services view. Although Standard & Poor's economists anticipate the U.S. economy to remain relatively weak, we expect ratings stability for the sector based on likely sustained demand for a critical product, responsive regulatory attention to cost recovery for needed capital investments, and investors' continued appetite for utility debt and equity offerings. Standard & Poor's base-case 2012 outlook for the U.S. electric utility industry is stable, based on the following fundamentals: A sluggish U.S. economy, characterized by modestly stronger GDP growth, sustained high unemployment levels at greater than 8%, a still-weak housing market, and moderate increases in consumer spending; Very...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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- Dayton Power & Light Co.
- Pacific Gas & Electric Co.
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- PG&E Corp.
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- Michigan Electric Transmission Co.
- International Transmission Co.
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