Research Update: Public Service Co. of Colorado - S&P Global Ratings’ Credit Research

Research Update: Public Service Co. of Colorado

Research Update: Public Service Co. of Colorado - S&P Global Ratings’ Credit Research
Research Update: Public Service Co. of Colorado
Published May 29, 2002
500 words — Published May 29, 2002
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Abstract:

The ratings of Xcel Energy (A-/CW-Neg/A-2) and its subsidiaries were placed on CreditWatch with negative implications on Feb.11, 2002. At the same time, the ratings of NRG Energy Inc. (BBB-/CW-Pos/--) were placed on CreditWatch with positive implications. Xcel's management has stated its intent to repurchase the shares of its 74%-owned subsidiary, NRG Energy. Previously, Standard & Poor's did not include the much weaker financial profile of NRG in the determination of Xcel's corporate credit rating, since it was believed that the company would be sold. However, the business risk and credit profile of NRG must now be incorporated in a determination of the overall corporate credit rating. Xcel Energy's other subsidiaries include Public Service Co. of Colorado, Southwestern Public Service

  
Brief Excerpt:

RESEARCH Research Update: Public Service Co. of Colorado Publication date: 29-May-2002 Credit Rating: A-/Watch Neg/A-2 Rationale The ratings of Xcel Energy (A-/CW-Neg/A-2) and its subsidiaries were placed on CreditWatch with negative...

  
Report Type:

Research Update

Issuer
Sector
Electric, Global Issuers, Utilities
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Public Service Co. of Colorado" May 29, 2002. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Public-Service-Co-of-Colorado-247427>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Public Service Co. of Colorado May 29, 2002. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Public-Service-Co-of-Colorado-247427>
  
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