Research Update: DTE Energy Co. Upgraded To 'BBB+' From 'BBB' On Michigan's Improving Regulatory Environment - S&P Global Ratings’ Credit Research

Research Update: DTE Energy Co. Upgraded To 'BBB+' From 'BBB' On Michigan's Improving Regulatory Environment

Research Update: DTE Energy Co. Upgraded To 'BBB+' From 'BBB' On Michigan's Improving Regulatory Environment - S&P Global Ratings’ Credit Research
Research Update: DTE Energy Co. Upgraded To 'BBB+' From 'BBB' On Michigan's Improving Regulatory Environment
Published Dec 09, 2010
Published Dec 09, 2010
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We upgraded holding company DTE Energy Co. and its utility subsidiaries, Detroit Edison Co. (DE) and Michigan Consolidated Gas Co. (MichCon), to 'BBB+' from 'BBB' to reflect the company's decreasing regulatory risk and improved financial measures. We raised the senior secured debt rating on MichCon to 'A' from 'BBB+' to reflect the strong recovery prospects for the first mortgage bonds. We are revising the recovery rating to '1+' from '1'. The stable outlook reflects our expectations that the cap on electric choice will not exceed 10% over the intermediate term and that the Michigan economy will continue to gradually improve. We maintained the business risk profile and financial risk profile as strong and significant, respectively. On Dec. 9, 2010, Standard

  
Report Type:

Research Update

Ticker
DTE
Issuer
DTE Energy Co.
GICS
Multi-Utilities (55103010)
Sector
Global Issuers , Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: DTE Energy Co. Upgraded To 'BBB+' From 'BBB' On Michigan's Improving Regulatory Environment" Dec 09, 2010. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-DTE-Energy-Co-Upgraded-To-BBB-From-BBB-On-Michigan-s-Improving-Regulatory-Environment-836586>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: DTE Energy Co. Upgraded To 'BBB+' From 'BBB' On Michigan's Improving Regulatory Environment Dec 09, 2010. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-DTE-Energy-Co-Upgraded-To-BBB-From-BBB-On-Michigan-s-Improving-Regulatory-Environment-836586>
  
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