Westar Energy Inc. And Subsidiary Outlook Revised To Positive From Negative On Amended Merger Pact - S&P Global Ratings’ Credit Research

Westar Energy Inc. And Subsidiary Outlook Revised To Positive From Negative On Amended Merger Pact

Westar Energy Inc. And Subsidiary Outlook Revised To Positive From Negative On Amended Merger Pact - S&P Global Ratings’ Credit Research
Westar Energy Inc. And Subsidiary Outlook Revised To Positive From Negative On Amended Merger Pact
Published Jul 11, 2017
4 pages (1691 words) — Published Jul 11, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Westar Energy Inc. and Great Plains Energy Inc. announced an amended merger agreement structured as an all-stock transaction at a mutually agreed upon exchange ratio with no acquisition debt. The parties expect the transaction to close in mid-2018. We are affirming our ratings on Westar and subsidiary Kansas Gas&Electric Co. (KGE), including the 'BBB+' issuer credit ratings, and revising the outlook on both entities to positive from negative. The positive outlook reflect the potential for higher ratings on Westar after the merger closes if the combined entities are able to demonstrate a strengthened business risk profile and a clear path to realizing proposed synergies that results in operational improvements and cost savings, along with strong financial measures. NEW

  
Brief Excerpt:

...+ Westar Energy Inc. and Great Plains Energy Inc. announced an amended merger agreement structured as an all-stock transaction at a mutually agreed upon exchange ratio with no acquisition debt. The parties expect the transaction to close in mid-2018. + We are affirming our ratings on Westar and subsidiary Kansas Gas & Electric Co. (KGE), including the '###+' issuer credit ratings, and revising the outlook on both entities to positive from negative. + The positive outlook reflect the potential for higher ratings on Westar after the merger closes if the combined entities are able to demonstrate a strengthened business risk profile and a clear path to realizing proposed synergies that results in operational improvements and cost savings, along with strong financial measures. NEW YORK (S&P Global Ratings) July 11, 2017--S&P Global Ratings today affirmed its ratings on Westar Energy Inc. (Westar) and subsidiary Kansas Gas & Electric Co. (KGE), including the '###+' issuer credit ratings, and...

  
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:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Westar Energy Inc. And Subsidiary Outlook Revised To Positive From Negative On Amended Merger Pact" Jul 11, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Westar-Energy-Inc-And-Subsidiary-Outlook-Revised-To-Positive-From-Negative-On-Amended-Merger-Pact-1880898>
  
APA:
S&P Global Ratings’ Credit Research. (). Westar Energy Inc. And Subsidiary Outlook Revised To Positive From Negative On Amended Merger Pact Jul 11, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Westar-Energy-Inc-And-Subsidiary-Outlook-Revised-To-Positive-From-Negative-On-Amended-Merger-Pact-1880898>
  
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