Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for TXU Corp. > News item |
S&P lowers TXU
Standard & Poor's said it lowered its corporate credit ratings on TXU Corp. and its units to BBB- from BBB and removed the ratings from CreditWatch with negative implications.
The agency also said it affirmed its BBB- rating on TXU Electric Delivery Co.'s senior unsecured debt in expectation that the company will exercise its right to eliminate the all-away lien on the secured bonds.
S&P also said it revised its business risk profile on the company to 7 from 5.
The outlook is stable.
The rating reflects a generation and retail business that represent about 70% of consolidated cash flow and a low-risk transmission and distribution operation that contributes the remaining 30% of cash flow, the agency said.
© 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.