Home Credit Ratings and Research S&P Global Ratings’ Credit Research DTE Energy Co.

Summary: DTE Energy Co.

Published Apr 25, 2014

2041 words — Published Apr 25, 2014

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Abstract:

Our 'BBB+' issuer credit rating on DTE Energy Co. stems from: Our anchor of 'a-', based on our "excellent" business risk and "significant" financial risk profile assessments for the company. The "excellent" business risk profile results from our assessment that the company's electric and gas regulated utilites account for 75% of the consolidated company. We assign an unfavorable comparative ratings analysis modifier that lowers the anchor by one notch. The stand-alone credit profile (SACP) is 'bbb+'. Most of the consolidated cash flow comes from more predictable regulated businesses We view the lower-risk electric and gas regulated businesses as accounting for about 75% of the consolidated company We view the higher risk energy trading segment as accounting for about 3% of

Brief Excerpt:

RESEARCH Summary: DTE Energy Co. Publication date: 25-Apr-2014 Primary Credit Analyst: Gabe Grosberg, New York (1) 212-438-6043; gabe.grosberg@standardandpoors.com Secondary Contact: Gerrit W Jepsen, CFA, New York (1) 212-438-2529;...

Report Type:

Summary

Ticker

DTE

Issuer

DTE Energy Co.

GICS

Multi-Utilities (55103010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

DTE Energy Co. – 2014/10/14 – US$ 500.00

Summary: DTE Energy Co. – 2014/10/14 – US$ 225.00

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Research Update: DTE Energy Co. And Subsidiaries Outlook Revised To Stable From Positive; 'BBB+' Issuer Credit Ratings Affirmed – 2015/08/21 – US$ 225.00

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Bulletin: DTE Energy Co. Ratings No Longer Under Criteria Observation Following Completion Of Review – 2013/11/20 – Free

DTE Energy Co. Outlook Is Revised To Positive From Stable On Improving Business Risk Profile; 'BBB+' Ratings Affirmed – 2013/08/19 – US$ 150.00

Research Update: DTE Energy Co. Outlook Is Revised To Positive From Stable On Improving Business Risk Profile; 'BBB+' Ratings Affirmed – 2013/08/19 – US$ 225.00

Summary: DTE Energy Co. – 2013/06/21 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: DTE Energy Co." Apr 25, 2014. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-DTE-Energy-Co-1304573>

APA:	S&P Global Ratings’ Credit Research. (). Summary: DTE Energy Co. Apr 25, 2014. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-DTE-Energy-Co-1304573>

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