Moody's lifts CMS Energy

Moody's Investors Service said it upgraded by one notch the long-term ratings of CMS Energy Corp. (Baa3 senior unsecured) and its utility operating subsidiary Consumers Energy Co. (provisional Baa1 senior unsecured shelf).

The outlook is stable.

"Today's rating action takes into consideration the improved financial profile of the consolidated CMS entity," said Moody's vice president Scott Solomon.

"While CMS' parent debt-levels remain significant, a constructive legislative and regulatory environment in which Consumers operates has allowed the utility to increase its infrastructure investment while producing consistent consolidated and operating level financial metrics."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.