BULLETIN: DTE Energy's Potential Share Repurchase Does Not Immediately Affect Rating - S&P Global Ratings’ Credit Research

BULLETIN: DTE Energy's Potential Share Repurchase Does Not Immediately Affect Rating

BULLETIN: DTE Energy's Potential Share Repurchase Does Not Immediately Affect Rating - S&P Global Ratings’ Credit Research
BULLETIN: DTE Energy's Potential Share Repurchase Does Not Immediately Affect Rating
Published Jan 31, 2005
Published Jan 31, 2005
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Abstract:

NEW YORK (Standard&Poor's) Jan. 31, 2005--Standard&Poor's Ratings Services said today that DTE Energy Co.'s (BBB/Stable/A-2) announcement regarding a potential $700 million share repurchase is not conducive to the firm's credit quality but does not affect its ratings on the company at this time. According to the company, the actual amount of repurchases through 2008 will depend on the firm generating sufficient cash flow to pay down debt and make new investments. Standard&Poor's will closely monitor the level of debt reduction as well as how future investments affect credit quality in the context of DTE's current ratings.

  
Report Type:

Bulletin

Ticker
DTE
Issuer
DTE Energy Co.
GICS
Multi-Utilities (55103010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: DTE Energy's Potential Share Repurchase Does Not Immediately Affect Rating" Jan 31, 2005. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-DTE-Energy-s-Potential-Share-Repurchase-Does-Not-Immediately-Affect-Rating-420589>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: DTE Energy's Potential Share Repurchase Does Not Immediately Affect Rating Jan 31, 2005. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-DTE-Energy-s-Potential-Share-Repurchase-Does-Not-Immediately-Affect-Rating-420589>
  
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