S&P views Alliant Energy negatively

S&P said it revised its outlook for Alliant Energy Corp. and its subsidiary, Interstate Power & Light Co. to negative from stable.

“The negative rating outlooks on AEC and IPL reflect weak consolidated financial measures that have been consistently below our downgrade threshold of funds from operations (FFO) to debt of 15% and our expectation that we could downgrade the company within the next 18 months if financial performance does not consistently improve,” the agency said in a press release.

S&P noted AEC continues to raise its capital expenditures and plans to spend about $9.1 billion between 2024 and 2027, mostly to support its clean energy transition plan, which it expects will be mostly funded with debt, pressuring financial measures.

© 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.