S&P ups Duke Energy view to positive

Standard & Poor's said it affirmed its ratings on Duke Energy Corp. and all its subsidiaries, including Duke Power Co. LLC, Duke Capital LLC and Cinergy Corp.

At the same time, the agency said it revised the outlook on the companies to positive from stable, reflecting the company's recent announcement to sell Cinergy's commercial trading and marketing operations.

The sale, which could be completed before the end of the year, should contribute to a further moderation in business risk, as well as materially reduce future collateral requirements, the agency said.

Nevertheless, like all trading and marketing activities, these operations can be material users of available liquidity in the form of collateral posted, S&P added.

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