Cleco Corp. and Subsidiaries Ratings Affirmed; Outlook Revised to Stable - S&P Global Ratings’ Credit Research

Cleco Corp. and Subsidiaries Ratings Affirmed; Outlook Revised to Stable

Cleco Corp. and Subsidiaries Ratings Affirmed; Outlook Revised to Stable - S&P Global Ratings’ Credit Research
Cleco Corp. and Subsidiaries Ratings Affirmed; Outlook Revised to Stable
Published Dec 20, 2000
800 words — Published Dec 20, 2000
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's CreditWire) Dec. 20, 2000--Standard&Poor's today affirmed its ratings on Cleco Corp. (corporate credit rating BBB+/A-2) and its subsidiary, Cleco Utility Group Inc. (corporate credit rating BBB+/A-2). At the same time, Standard&Poor's revised its outlook on the companies to stable from negative. (A complete list of ratings is available on RatingsDirect, Standard&Poor's on-line credit research service, or by calling the Standard&Poor's Ratings Desk at 212-438-2400.) The stable outlook reflects the company's cash flows from the nonregulated power generation business. Incremental cash flow from additional projects targeted in the near term is expected to bolster funds flow interest coverage and reduce consolidated debt leverage. Cleco's initial nonregulated generation project,

  
Brief Excerpt:

RESEARCH Cleco Corp. and Subsidiaries Ratings Affirmed; Outlook Revised to Stable Publication date: 20-Dec-2000 NEW YORK (Standard & Poor's CreditWire) Dec. 20, 2000--Standard & Poor's today affirmed its ratings on Cleco Corp. (corporate...

  
Report Type:

Ratings Action

Ticker
CNL
Issuer
Cleco Corporate Holdings LLC
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Cleco Corp. and Subsidiaries Ratings Affirmed; Outlook Revised to Stable" Dec 20, 2000. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Cleco-Corp-and-Subsidiaries-Ratings-Affirmed-Outlook-Revised-to-Stable-176615>
  
APA:
S&P Global Ratings’ Credit Research. (). Cleco Corp. and Subsidiaries Ratings Affirmed; Outlook Revised to Stable Dec 20, 2000. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Cleco-Corp-and-Subsidiaries-Ratings-Affirmed-Outlook-Revised-to-Stable-176615>
  
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