S&P pulls Entergy Gulf States unsecured debt from junk

Standard & Poor's said it affirmed its BBB corporate credit and senior unsecured debt ratings on Entergy Corp.

S&P also raised its corporate credit rating on Entergy Gulf States Inc. to BBB from BBB-, senior secured debt to BBB+ from BBB, senior unsecured debt to BBB- from BB+ and preferred stock to BB+ from BB. The outlook remains stable.

The rating action brings the corporate credit rating for Entergy Gulf States in line with Entergy's other operating affiliates, Entergy Arkansas Inc., Entergy Louisiana Inc., Enetrgy Mississippi Inc. and Entergy New Orleans Inc., reflecting the strategic importance of all these affiliates to Entergy's overall business strategy. S&P said.

S&P said the ratings on Entergy reflect the credit strength of the entire Entergy family of companies, incorporating the business and financial positions of the regulated U.S. electric utility operations, nonregulated nuclear operations and nonregulated independent power-development business.

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