Moody’s revises DTE Energy Center view to positive

Moody's Investors Service said it affirmed the Ba1 rating assigned to DTE Energy Center, LLC’s senior secured bonds due 2024 and revised the rating outlook to positive from stable.

The revision of the company’s outlook to positive from stable reflects the potential for a stronger credit profile of FCA US LLC, a subsidiary of Fiat Chrysler Automobiles NV and DTE Energy Center’s sole source of cash flow, should a proposed merger with Peugeot SA be successful. The merger would create a larger and more diversified global auto manufacturer and likely have positive credit implications for the Fiat Chrysler family.

The rating affirmation reflects the essential nature of the diverse production support systems and services DTE Energy Center provides to FCA US under contractual service agreements that expire in 2024.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.