DTE Capital Corp. Rated BBB/A-2 By S&P - S&P Global Ratings’ Credit Research

DTE Capital Corp. Rated BBB/A-2 By S&P

DTE Capital Corp. Rated BBB/A-2 By S&P - S&P Global Ratings’ Credit Research
DTE Capital Corp. Rated BBB/A-2 By S&P
Published Jan 27, 1998
Published Jan 27, 1998
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NY -- Standard&Poor's CreditWire 1/27/98 -- Standard&Poor's today assigned its triple-'B' corporate credit rating to DTE Capital Corp. At the same time, Standard&Poor's assigned its triple-'B' bank loan rating to DTE Capital's $400 million unsecured revolving credit facility, and its 'A-2' rating to DTE Capital's related $400 million 4(2) commercial paper program. DTE Capital, a wholly owned subsidiary of DTE Energy Co. (rated triple-'B', negative outlook), provides funding for the nonregulated utility activities of DTE Energy, the parent holding company of Detroit Edison Co. (triple-'B'-plus corporate credit rating). The corporate credit rating on DTE Capital is a rating based on the firm's overall creditworthiness. DTE Capital's rating largely reflects a strong support agreement between

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Multi-Utilities (55103010)
Sector
Global Issuers , Public Finance
Country
Region
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "DTE Capital Corp. Rated BBB/A-2 By S&P" Jan 27, 1998. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/DTE-Capital-Corp-Rated-BBB-A-2-By-S-P-11459>
  
APA:
S&P Global Ratings’ Credit Research. (). DTE Capital Corp. Rated BBB/A-2 By S&P Jan 27, 1998. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/DTE-Capital-Corp-Rated-BBB-A-2-By-S-P-11459>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.