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S&P Credit Research852 word report
published Nov 05, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Nov. 5, 2009--The past year has underscored the exposure of U.S. unregulated merchant power generators to commodity price risks. The recession has not only decimated natural gas prices, but also increased the possibility that reserve margins tightening will be pushed further out, changing market fundamentals. Meanwhile, additional gas supply has come in at exactly the time when demand was falling. Realization of strong cash flows and an improvement in financial profiles could occur much later than many power merchants hoped for. In the past six months, Standard&Poor's Ratings Services downgraded three companies, upgraded one, and revised an outlook on another company to negative, according to a report published today on RatingsDirect titled Industry
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| Brief Excerpt: | RESEARCH Ratings Definitions U.S. Merchant Power Firms Continue To Confront Low Gas Prices And Falling Demand, Report Says Publication date: 05-Nov-2009 Primary Credit Analyst: Aneesh Prabhu, New York (1) 212-438-1285; aneesh_prabhu@standardandpoors.com...
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| Report Type: | News
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| Sector: | Global Issuers
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| Free Sample: |
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| Format: | | HTML |  |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
