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Research Update: Duke Energy And Units Ratings Placed On Watch Neg; Cinergy Rtgs Also On Watch

Published May 10, 2005

1173 words — Published May 10, 2005

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

On May 10, 2005, Standard&Poor's Ratings Services 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 the following risks: After the completion of the merger, Duke Energy has indicated that it may pursue various strategic options, including the potential separation of

Brief Excerpt:

RESEARCH Research Update: Duke Energy And Units Ratings Placed On Watch Neg; Cinergy Rtgs Also On Watch Publication date: 10-May-2005 Credit Rating: ###/Watch Neg/A-2 Rationale On May 10, 2005, Standard & Poor's Ratings Services placed...

Report Type:

Research Update

Ticker

DUK

Issuer

Duke Energy Corp.

GICS

Electric Utilities (55101010)

Sector

Global Issuers , Public Finance , 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

Duke Energy And Cinergy Ratings Placed On Watch Neg After Acquisition Announcement – 2005/05/10 – US$ 150.00

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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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.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Duke Energy And Units Ratings Placed On Watch Neg; Cinergy Rtgs Also On Watch" May 10, 2005. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Duke-Energy-And-Units-Ratings-Placed-On-Watch-Neg-Cinergy-Rtgs-Also-On-Watch-439029>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Duke Energy And Units Ratings Placed On Watch Neg; Cinergy Rtgs Also On Watch May 10, 2005. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Duke-Energy-And-Units-Ratings-Placed-On-Watch-Neg-Cinergy-Rtgs-Also-On-Watch-439029>

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