Moody's ups DTE Energy view to stable

Moody's Investors Service said it affirmed the ratings of DTE Energy Co. (senior unsecured Baa2) and The Detroit Edison Co. (issuer rating Baa1) and revised the outlook for both companies to stable from negative.

The change in the outlook to stable reflects: (1) Expected improvement in DTE's financial performance over the next several years following the recent rate order for The Detroit Edison Co. and an expected base rate increase for Michigan Consolidated Gas Co.; (2) an expected slow down of customer migration; and (3) the company's stated intention that it will use a portion of its free cash flow to de-lever the balance sheet.

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