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BULLETIN: Duke Energy Sells Interest in Indonesian Facility

Published Jul 24, 2003

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Abstract:

NEW YORK (Standard&Poor's) July 24, 2003--Standard&Poor's Ratings Services said today that Duke Energy Corp.'s (BBB+/Negative/A-2) announcement that it has sold its 85.7% ownership interest in P.T. Puncakjaya Power (PJP) in Indonesia is a positive event for credit quality because it is in line with the company's plan to reduce debt through proceeds realized by asset sales. However, the event is neutral with regard to consolidated debt because Standard&Poor's does not include the nonrecourse debt at PJP when analyzing the overall consolidated debt of Duke Energy.

Report Type:

Bulletin

Ticker

DUK

Issuer

Duke Energy Corp.

GICS

Electric Utilities (55101010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "BULLETIN: Duke Energy Sells Interest in Indonesian Facility" Jul 24, 2003. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Duke-Energy-Sells-Interest-in-Indonesian-Facility-325048>

APA:	S&P Global Ratings’ Credit Research. (). BULLETIN: Duke Energy Sells Interest in Indonesian Facility Jul 24, 2003. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Duke-Energy-Sells-Interest-in-Indonesian-Facility-325048>

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