Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Cleco Corporate Holdings LLC

Report on Cleco's Efforts to Reduce Business Risk is Published

Published May 01, 2003

526 words — Published May 01, 2003

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

NEW YORK (Standard&Poor's) May 1, 2003--Utility holding company Cleco Corp. continues to take steps to lessen its business risk by decreasing its investment in merchant power and reverting to its core, regulated operations, according to a report published today by Standard&Poor's Ratings Services. Standard&Poor's recently removed the ratings of Cleco and its utility, Cleco Power LLC, from CreditWatch, where they were placed in mid-2002 with negative implications. The corporate credit ratings were lowered to 'BBB' from 'BBB+' in November 2002 and kept on CreditWatch in response to concerns about revelations of energy-trading improprieties. Those concerns have now abated, but the outlook for the ratings is negative due to continued uncertainties surrounding the company's nonregulated

Brief Excerpt:

RESEARCH Report on Cleco's Efforts to Reduce Business Risk is Published Publication date: 01-May-2003 NEW YORK (Standard & Poor's) May 1, 2003--Utility holding company Cleco Corp. continues to take steps to lessen its business risk by...

Report Type:

News

Ticker

CNL

Issuer

Cleco Corporate Holdings LLC

GICS

Electric Utilities (55101010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

PDF

BULLETIN: Cleco Corp. to Sell Power Plant to Entergy Corp. – 2003/05/06 – Free

Summary: Cleco Corp. – 2003/06/03 – US$ 225.00

BULLETIN: Cleco Corp. Power Plant Sale May Be Delayed by Mirant Corp. News – 2003/07/15 – Free

BULLETIN: Cleco Corp. Takes Write-Down Re: Perryville Plant – 2003/08/12 – Free

Summary: Cleco Corp. – 2003/08/13 – US$ 225.00

Cleco Corp. and Unit Ratings Affirmed, Off CreditWatch Negative – 2003/03/26 – US$ 150.00

Research Update: Cleco Corp. – 2003/03/26 – US$ 225.00

Cleco Corp. Ratings Lowered To 'BBB'; On Watch Neg Due To Possible Trading Improprieties – 2002/11/15 – US$ 150.00

Research Update: Cleco Corp. – 2002/11/15 – US$ 225.00

Cleco Corp. Placed on CreditWatch Negative Due to Counterparty Credit Concerns – 2002/07/26 – US$ 150.00

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. "Report on Cleco's Efforts to Reduce Business Risk is Published" May 01, 2003. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Report-on-Cleco-s-Efforts-to-Reduce-Business-Risk-is-Published-310739>

APA:	S&P Global Ratings’ Credit Research. (). Report on Cleco's Efforts to Reduce Business Risk is Published May 01, 2003. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Report-on-Cleco-s-Efforts-to-Reduce-Business-Risk-is-Published-310739>

US$ 150.00

$ £ €

Have a Question?

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

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.