S&P ups DTE Electric, DTE Gas

S&P said it upgraded DTE Electric Co. and DTE Gas Co. under a criteria review.

“Following our criteria review, we established that DTE Electric and DTE Gas are well insulated from their parent DTE Energy Co. This means we expect that any significant credit stress at DTE Energy would have a minimally adverse effect on the creditworthiness of the subsidiaries,” said S&P in a news release.

S&P raised the ratings on DTE Electric and DTE Gas to A- from BBB+ and raised the rating on DTE Electric’s senior unsecured notes to A- from BBB+. In addition, the agency affirmed the A rating on both companies’ senior secured debt.

The ratings were removed from under criteria review.

The outlook is stable.

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