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Bulletin: Duke Energy Corp.'s $113 Million Asset Impairment Does Not Affect Ratings

Published Aug 05, 2008

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Abstract:

NEW YORK (Standard&Poor's) Aug. 5, 2008--Standard&Poor's Ratings Services said today that Duke Energy Corp.'s (A-/Stable/NR) $113 million asset impairment at its Crescent Resources real-estate development joint venture does not affect the company's credit profile. Duke monetized its investment in Crescent, reducing business risk and eliminating funding obligations, and is now an equity owner. While the impairment indicates that lower distributions are likely in the future, such distributions are not material to Duke Energy to support its financial risk profile.

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 Corp.'s $113 Million Asset Impairment Does Not Affect Ratings" Aug 05, 2008. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Duke-Energy-Corp-s-113-Million-Asset-Impairment-Does-Not-Affect-Ratings-663385>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Duke Energy Corp.'s $113 Million Asset Impairment Does Not Affect Ratings Aug 05, 2008. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Duke-Energy-Corp-s-113-Million-Asset-Impairment-Does-Not-Affect-Ratings-663385>

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