Westar Energy Inc. And Sub Rtgs Affirmed And Outlook Revised To Negative On Proposed Acquisition By Great Plains Energy - S&P Global Ratings’ Credit Research

Westar Energy Inc. And Sub Rtgs Affirmed And Outlook Revised To Negative On Proposed Acquisition By Great Plains Energy

Westar Energy Inc. And Sub Rtgs Affirmed And Outlook Revised To Negative On Proposed Acquisition By Great Plains Energy - S&P Global Ratings’ Credit Research
Westar Energy Inc. And Sub Rtgs Affirmed And Outlook Revised To Negative On Proposed Acquisition By Great Plains Energy
Published May 31, 2016
4 pages (1630 words) — Published May 31, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Westar Energy Inc. has agreed to be acquired by Great Plains Energy Inc. (GPE) for $8.6 billion plus the assumption of Westar's debt. The transaction is expected to close by mid-2017. We are affirming our ratings on Westar and subsidiary Kansas Gas&Electric Co. (KGE), including the 'BBB+' issuer credit ratings, and revising the outlook to negative from stable. The negative outlook reflects the potential for lower ratings on Westar, after the merger closes, if the combined entity's financial performance weakens such that funds from operations to total debt is consistently less than 13% after 2018. NEW YORK (S&P Global Ratings) May 31, 2016--S&P Global Ratings said today it affirmed its ratings on integrated electric utilities Westar Energy Inc.

  
Brief Excerpt:

...+ Westar Energy Inc. has agreed to be acquired by Great Plains Energy Inc. (GPE) for $8.6 billion plus the assumption of Westar's debt. The transaction is expected to close by mid-2017. + We are affirming our ratings on Westar and subsidiary Kansas Gas & Electric Co. (KGE), including the '###+' issuer credit ratings, and revising the outlook to negative from stable. + The negative outlook reflects the potential for lower ratings on Westar, after the merger closes, if the combined entity's financial performance weakens such that funds from operations to total debt is consistently less than 13% after 2018. NEW YORK (S&P Global Ratings) May 31, 2016--S&P Global Ratings said today it affirmed its ratings on integrated electric utilities Westar Energy Inc. and subsidiary Kansas Gas & Electric Co. (KGE), including the '###+' issuer credit ratings, and revised the outlook to negative from stable. The ratings affirmation on Westar and KGE reflects our view that the acquisition by GPE will enhance...

  
Report Type:

Ratings Action

Ticker
WR
Issuer
Evergy Kansas Central, Inc
GICS
Electric Utilities (55101010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Westar Energy Inc. And Sub Rtgs Affirmed And Outlook Revised To Negative On Proposed Acquisition By Great Plains Energy" May 31, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Westar-Energy-Inc-And-Sub-Rtgs-Affirmed-And-Outlook-Revised-To-Negative-On-Proposed-Acquisition-By-Great-Plains-Energy-1646611>
  
APA:
S&P Global Ratings’ Credit Research. (). Westar Energy Inc. And Sub Rtgs Affirmed And Outlook Revised To Negative On Proposed Acquisition By Great Plains Energy May 31, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Westar-Energy-Inc-And-Sub-Rtgs-Affirmed-And-Outlook-Revised-To-Negative-On-Proposed-Acquisition-By-Great-Plains-Energy-1646611>
  
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