Industry Economic And Ratings Outlook: Continued Ratings Stability Expected For U.S. Regulated Electric Utilities In 2012 Jan 12
- Language: English
- Published: January 2012
- Region: United States
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...
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Research Type: Commentary
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