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Allegheny Energy Inc. and Subsidiaries Ratings Affirmed; Outlook Revised to Negative Nov 00
Standard & Poors, Nov 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Nov. 17, 2000--Standard & Poor's today affirmed its ratings on Allegheny Energy Inc. (A+/A-1 corporate credit rating) and its subsidiaries, Allegheny Energy Supply Co. LLC (A+/A-1), Allegheny Generating Co. (A+/A-1), West Penn Power Co. (A+/A-1), Monongahela Power Co. (A+/A-1), and Potomac Edison Co. (A+/A-1). At the same time, Standard & Poor's revised its outlook on the companies to negative from stable. (A complete list of ratings is available on RatingsDirect, Standard & Poor's on-line credit research service, or by calling the Standard & Poor's ratings desk at 212-438-2400). The revised outlook to negative reflects management's challenge to maintain financial performance measures commensurate with the increasing business risk inherent in the company's strategy to expand...
Companies mentioned in this report are: Allegheny Energy Inc.,Monongahela Power Co.,Potomac Edison Co.,West Penn Power Co.,Allegheny Generating Co.,Allegheny Energy Supply Co. LLC
Action: Outlook Revised
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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