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Calpine Corp.'s Ratings Cut To 'D' After Bankruptcy Filing

Published Dec 21, 2005

861 words — Published Dec 21, 2005

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About This Report

Abstract:

NEW YORK (Standard&Poor's) Dec. 21, 2005--Standard&Poor's Rating Services lowered its ratings on electric power giant Calpine Corp. and some of its subsidiaries to 'D' after the company filed for Chapter 11 bankruptcy protection. The San Jose, Calif.-based company, which develops, acquires, owns, and operates power generation facilities, has about $18 billion of total debt outstanding. At the same time, the recovery ratings for Calpine and its subsidiaries remain at their current level, but are placed on CreditWatch with negative implications. Standard&Poor's will review any financials and restructuring plans that may become available to assess the effect on recovery prospects. If sufficient information is not available in the near term, Standard&Poor's will withdraw

Brief Excerpt:

RESEARCH Calpine Corp.'s Ratings Cut To 'D' After Bankruptcy Filing Publication date: 21-Dec-2005 NEW YORK (Standard & Poor's) Dec. 21, 2005--Standard & Poor's Rating Services lowered its ratings on electric power giant Calpine Corp....

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

Calpine Rating Still 'D' After Debtor In Possession Financing; Recovery Rating Cut – 2006/03/14 – US$ 150.00

Research Update: Calpine Rating Still 'D' After Debtor In Possession Financing; Recovery Rating Lowered – 2006/03/14 – US$ 225.00

Summary: Calpine Corp. – 2006/03/16 – US$ 225.00

BULLETIN: Calpine's Asset Sale May Improve Debt Recovery; No Effect On Rating – 2006/04/05 – Free

BULLETIN: Calpine's Asset Impairment Does Not Affect Recovery Ratings – 2006/04/19 – Free

Research Update: Calpine Corp.'s Ratings Lowered To 'D' After Bankruptcy Filing – 2005/12/21 – US$ 225.00

Calpine Corporate Credit Rating Lowered To 'CCC-' After Bankruptcy Warning – 2005/12/02 – US$ 150.00

Research Update: Calpine Corporate Credit Rating Cut To 'CCC-' After Bankruptcy Warning – 2005/12/02 – US$ 225.00

Calpine Corporate Credit Rating Lowered To 'CCC', Off Watch Neg – 2005/11/29 – US$ 150.00

Research Update: Calpine Corporate Credit Rating Cut To 'CCC', Off Watch Neg – 2005/11/29 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Calpine Corp.'s Ratings Cut To 'D' After Bankruptcy Filing" Dec 21, 2005. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Calpine-Corp-s-Ratings-Cut-To-D-After-Bankruptcy-Filing-483966>

APA:	S&P Global Ratings’ Credit Research. (). Calpine Corp.'s Ratings Cut To 'D' After Bankruptcy Filing Dec 21, 2005. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Calpine-Corp-s-Ratings-Cut-To-D-After-Bankruptcy-Filing-483966>

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