S&P affirms Entergy

Standard & Poor's said it affirmed its BBB corporate credit rating on Entergy Corp., Entergy Arkansas Inc., Entergy Gulf States Inc., Entergy Louisiana LLC and Entergy Mississippi Inc., as well as all the issue ratings for Entergy and all its subsidiaries.

In addition, the agency said that the outlook on Entergy and its subsidiaries was revised to stable from negative.

At the same time, S&P said it raised its corporate credit rating on Entergy New Orleans Inc. to BBB- from D and raised the senior secured debt rating to BBB- from D.

S&P said it also reviewed the jurisdictional separation plan for Entergy Gulf States, which would result in that company separating into two distinct entities, Entergy Gulf States Texas Inc. and Entergy Gulf States Louisiana Inc. and expects to assign the same corporate credit ratings to the new entities as the consolidated company.

The ratings actions on Entergy and its subsidiaries reflects Entergy's successful efforts to address many of the challenges posed as a result of Hurricanes Katrina and Rita, thereby arresting any deterioration in credit quality, the agency added.

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