BULLETIN: Duke Energy's Australian Asset Sale Is Favorable for Credit Quality - S&P Global Ratings’ Credit Research

BULLETIN: Duke Energy's Australian Asset Sale Is Favorable for Credit Quality

BULLETIN: Duke Energy's Australian Asset Sale Is Favorable for Credit Quality - S&P Global Ratings’ Credit Research
BULLETIN: Duke Energy's Australian Asset Sale Is Favorable for Credit Quality
Published Apr 23, 2004
Published Apr 23, 2004
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Abstract:

NEW YORK (Standard&Poor's) April 23, 2004--Standard&Poor's Ratings Services said today that the completion of Duke Energy Corp.'s (BBB/Stable/A-2) sale of Australian assets to Alinta Ltd. is a favorable event for credit quality. Because the sale will remove about $900 million of debt associated with the Australian investments, it will provide the company with some incremental cash flow, and form a major step toward the company's deleveraging plan for 2004.

  
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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Duke Energy's Australian Asset Sale Is Favorable for Credit Quality" Apr 23, 2004. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Duke-Energy-s-Australian-Asset-Sale-Is-Favorable-for-Credit-Quality-371030>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Duke Energy's Australian Asset Sale Is Favorable for Credit Quality Apr 23, 2004. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Duke-Energy-s-Australian-Asset-Sale-Is-Favorable-for-Credit-Quality-371030>
  
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