| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for Allegheny Energy Supply Co., LLC > News item |
S&P affirms Allegheny Energy
S&P said it affirmed its B+ corporate credit rating on Allegheny Energy Supply Co. LLC and removed the rating from CreditWatch, where it was placed with developing implications on Nov. 4, 2016.
The outlook is developing.
The agency also removed all issue-level ratings on the company from CreditWatch.
The BB- issue-level rating on the company's unsecured debt remains. The 2 recovery rating reflects an expectation of substantial (70%-90%; rounded estimate: 85%) recovery in the event of default.
The BB issue-level rating on the company's secured debt also remains. The 1 recovery rating reflects an expectation of very high (90%-100%; rounded estimate: 95%) recovery.
S&P said the actions are due to delays in the sale process of the company’s assets and uncertainty as to the timing of the transaction.
© 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.