The ratings on DTE Energy Co. reflect its consolidated credit quality, which includes its regulated electric utility, Detroit Edison Co., regulated gas utility, Michigan Consolidated Gas Co. (MichCon), and other affiliates. DTE's business profile is deemed satisfactory ('5') and the financial profile is aggressive. (Utility business profiles are categorized from '1' (strong) to '10' (vulnerable).) The firm's financial health has rebounded in recent years due to the realization of regulatory relief. Still, the firm highly depends on the outcome of regulatory proceedings to maintain credit quality. Standard&Poor's improved DTE's business risk profile to '5' from '6'. The new business score reflects the substantial amount of asset sales recently completed and currently contemplated by DTE and the improvement in
