DTE Energy Co. Rated `BBB' By S&P, Outlook Negative - S&P Global Ratings’ Credit Research

DTE Energy Co. Rated `BBB' By S&P, Outlook Negative

DTE Energy Co. Rated `BBB' By S&P, Outlook Negative - S&P Global Ratings’ Credit Research
DTE Energy Co. Rated `BBB' By S&P, Outlook Negative
Published Mar 10, 1997
Published Mar 10, 1997
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Abstract:

NY -- Standard&Poor's CreditWire 3/10/97 -- Standard&Poor's today has assigned its triple-`B' corporate credit rating to DTE Energy Co., the parent holding company of Detroit Edison Co. (triple-`B'-plus corporate credit rating). DTE Energy's rating mainly reflects the creditworthiness of Detroit Edison, its primary cash generating subsidiary. Future common dividend payments by Detroit Edison will be the primary means of DTE Energy's ability to service its own debt. Detroit Edison represented approximately 98.7% of DTE Energy's assets at Dec. 31, 1996. DTE Energy provides a structure to separate the regulated utility business from non-utility subsidiary companies. DTE Energy's formation on Jan. 1, 1996 enhanced opportunities for business growth through energy- related, non-utility business ventures. Non-regulated investments are

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Multi-Utilities (55103010)
Sector
Global Issuers , Public Finance
Country
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MLA:
S&P Global Ratings’ Credit Research. "DTE Energy Co. Rated `BBB' By S&P, Outlook Negative" Mar 10, 1997. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/DTE-Energy-Co-Rated-BBB-By-S-P-Outlook-Negative-79660>
  
APA:
S&P Global Ratings’ Credit Research. (). DTE Energy Co. Rated `BBB' By S&P, Outlook Negative Mar 10, 1997. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/DTE-Energy-Co-Rated-BBB-By-S-P-Outlook-Negative-79660>
  
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