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Calpine Corp. And Units Ratings Lowered; Teleconference Today At 2:00 PM EDT

Published May 09, 2005

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

NEW YORK (Standard&Poor's) May 9, 2005--Standard&Poor's Ratings Services said today that it lowered its corporate credit rating on Calpine Corp. and its subsidiaries to 'B-' from 'B'. The outlook is negative. In addition, Standard&Poor's lowered its ratings on debt that Calpine guarantees. The ratings for the following debt issues remain unchanged: the 'BBB-' SPUR rating on Gilroy Energy Center LLC's bonds, the 'BB-' rating on the Rocky Mountain Energy Center LLC and the Riverside Energy Center LLC loans, the 'CCC+' rating on the third lien Calpine Generating Co. LLC debt, and the 'BBB' rating on Power Contract Financing LLC's bonds. The San Jose, Calif.-based company, which develops, acquires, owns, and operates power generation facilities,

Report Type:

Ratings Action

Ticker

CPN

Issuer

Calpine Corp.

GICS

Independent Power Producers & Energy Traders (55105010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

BULLETIN: Calpine's $3 Billion Debt Reduction Plan Does Not Affect Rating – 2005/05/26 – Free

BULLETIN: Calpine's Saltend Plant Sale Favors Credit Quality – 2005/05/31 – Free

BULLETIN: Calpine's Asset Sale Favors Credit Quality – 2005/06/14 – Free

Calpine Corp.'s $650 Million Convertible Notes Rated 'CCC'; Outlook Negative – 2005/06/21 – US$ 150.00

Research Update: Calpine's $650 Million Convertible Notes Rated 'CCC'; Outlook Negative – 2005/06/21 – US$ 225.00

Research Update: Calpine And Units Ratings Lowered; Outlook Negative – 2005/05/09 – US$ 225.00

Teleconference: Calpine Corp. Rating Downgrade - Monday, May 9 At 2 PM ET – 2005/05/09 – US$ 150.00

Summary: Calpine Corp. – 2005/04/04 – US$ 225.00

BULLETIN: Calpine's Financial Restatements Will Not Affect Ratings – 2005/03/17 – Free

BULLETIN: Calpine's Project Finance Debt Favors Credit Quality – 2005/03/03 – Free

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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. "Calpine Corp. And Units Ratings Lowered; Teleconference Today At 2:00 PM EDT" May 09, 2005. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Calpine-Corp-And-Units-Ratings-Lowered-Teleconference-Today-At-2-00-PM-EDT-438721>

APA:	S&P Global Ratings’ Credit Research. (). Calpine Corp. And Units Ratings Lowered; Teleconference Today At 2:00 PM EDT May 09, 2005. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Calpine-Corp-And-Units-Ratings-Lowered-Teleconference-Today-At-2-00-PM-EDT-438721>

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