American Transmission Systems Is Assigned 'BBB' Corporate Credit Rating; $400 Million Debt Rated 'BBB' - S&P Global Ratings’ Credit Research

American Transmission Systems Is Assigned 'BBB' Corporate Credit Rating; $400 Million Debt Rated 'BBB'

American Transmission Systems Is Assigned 'BBB' Corporate Credit Rating; $400 Million Debt Rated 'BBB' - S&P Global Ratings’ Credit Research
American Transmission Systems Is Assigned 'BBB' Corporate Credit Rating; $400 Million Debt Rated 'BBB'
Published Dec 10, 2009
Published Dec 10, 2009
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About This Report

  
Abstract:

U.S. electricity transmission company American Transmission Systems has proposed to issue $400 million of debt. We are assigning our 'BBB' rating to the proposed debt, plus we are assigning a 'BBB' corporate credit rating to the company. The stable outlook reflects that of parent, FirstEnergy Corp. NEW YORK (Standard&Poor's) Dec. 10, 2009--Standard&Poor's Ratings Services said today it assigned its 'BBB' corporate credit rating to Akron, Ohio-based electric transmission company American Transmission Systems Inc. (ATSI) and its 'BBB' rating to the company's proposed $400 million issuance of unsecured debt. The outlook is stable. ATSI is a wholly owned subsidiary of FirstEnergy Corp. (BBB/Stable/--), and we base ATSI's ratings on the consolidated credit profile of its parent. ATSI

  
Report Type:

Ratings Action

Issuer
American Transmission Systems, Inc.
GICS
Electric Utilities (55101010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "American Transmission Systems Is Assigned 'BBB' Corporate Credit Rating; $400 Million Debt Rated 'BBB'" Dec 10, 2009. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Transmission-Systems-Is-Assigned-BBB-Corporate-Credit-Rating-400-Million-Debt-Rated-BBB-762584>
  
APA:
S&P Global Ratings’ Credit Research. (). American Transmission Systems Is Assigned 'BBB' Corporate Credit Rating; $400 Million Debt Rated 'BBB' Dec 10, 2009. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Transmission-Systems-Is-Assigned-BBB-Corporate-Credit-Rating-400-Million-Debt-Rated-BBB-762584>
  
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