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Duke Energy And Cinergy Ratings Placed On Watch Neg After Acquisition Announcement

Published May 10, 2005

504 words — Published May 10, 2005

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Abstract:

NEW YORK (Standard&Poor's) May 10, 2005--Standard&Poor's Ratings Services said today that it placed its 'BBB/A-2' corporate credit ratings on Duke Energy Corp. and its subsidiaries on CreditWatch with negative implications. At the same time, Standard&Poor's placed its 'BBB+/A-2' corporate credit ratings on Cinergy Corp. and its subsidiaries on CreditWatch with negative implications. The rating action is the result of the companies' announcement that Duke Energy will acquire Cinergy by issuing 1.56 shares of Duke Energy for each share of Cinergy, valuing the equity of Cinergy at about $9 billion. The CreditWatch listing on Duke Energy reflects several factors. These factors include Duke Energy's indication that it may pursue various strategic options after the merger

Brief Excerpt:

RESEARCH Duke Energy And Cinergy Ratings Placed On Watch Neg After Acquisition Announcement Publication date: 10-May-2005 NEW YORK (Standard & Poor's) May 10, 2005--Standard & Poor's Ratings Services said today that it placed its '###/A-2'...

Report Type:

Ratings Action

Ticker

DUK

Issuer

Duke Energy Corp.

GICS

Electric Utilities (55101010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Summary: Duke Energy Corp. – 2005/06/24 – US$ 225.00

Duke Energy Corp. – 2005/08/16 – US$ 500.00

Summary: Duke Energy Corp. – 2005/08/16 – US$ 225.00

Duke Energy Corp. 'BBB' Corporate Credit Rating Affirmed, Removed From Watch Neg – 2005/09/15 – US$ 150.00

Research Update: Duke Energy 'BBB' Corporate Credit Rating Affirmed, Off Watch Neg – 2005/09/15 – US$ 225.00

Research Update: Duke Energy And Units Ratings Placed On Watch Neg; Cinergy Rtgs Also On Watch – 2005/05/10 – US$ 225.00

Duke Energy Rating Affirmed; Outlook Revised To Stable – 2005/02/24 – US$ 150.00

Research Update: Duke Energy And Units Ratings Affirmed; Outlook To Stable – 2005/02/24 – US$ 225.00

Duke Energy's, Subs' Ratings Affirmed; Outlook Revised to Positive – 2004/12/22 – US$ 150.00

Research Update: Duke Energy's, Subs' Ratings Affirmed; Outlook Revised to Positive – 2004/12/22 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Duke Energy And Cinergy Ratings Placed On Watch Neg After Acquisition Announcement" May 10, 2005. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Duke-Energy-And-Cinergy-Ratings-Placed-On-Watch-Neg-After-Acquisition-Announcement-439028>

APA:	S&P Global Ratings’ Credit Research. (). Duke Energy And Cinergy Ratings Placed On Watch Neg After Acquisition Announcement May 10, 2005. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Duke-Energy-And-Cinergy-Ratings-Placed-On-Watch-Neg-After-Acquisition-Announcement-439028>

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