Cleco Corp. has completed a transformation to a single-utility holding company with no significant activities outside electric utility Cleco Power LLC. We are changing our outlook on Cleco and Cleco Power to developing from stable based on the fundamental improvement in creditworthiness counterbalancing the uncertainties tied to the company's ongoing review of strategic alternatives. BOSTON (Standard&Poor's) Aug. 8, 2014--Standard&Poor's Ratings Services affirmed its 'BBB+' issuer credit ratings on Pineville, La.-based utility holding company Cleco Corp. and Cleco Power LLC, and the 'BBB+' unsecured debt rating on Cleco Power. We revised the outlook to developing from stable. "The company's completion of its transformation to a utility-only holding company bolsters its credit profile, but simultaneously the company is
