S&P upgrades Entergy

S&P said it raised the issuer credit rating Entergy Corp. and its subsidiaries – Entergy Arkansas Inc., Entergy Louisiana LLC, Entergy Mississippi Inc., Entergy New Orleans Inc., Entergy Texas Inc., and System Energy Resources Inc. – to BBB+ from BBB.

The outlook is stable.

The agency also said it raised the rating on Entergy's senior unsecured debt to BBB from BBB- and Entergy Louisiana’s and System Energy Resources' senior unsecured debt to BBB+ from BBB.

S&P also said it raised the senior secured debt ratings of Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas and System Energy Resources to A from A-.

The agency also said it raised the preferred stock ratings at Entergy Arkansas, Entergy, Entergy Louisiana, Entergy Mississippi and Entergy New Orleans to BBB- from BB+.

The upgrades reflect the improvement in the company's business risk profile, which is now assessed at the higher end of the strong business risk profile category, S&P said.

The upgrades also consider management's execution of its longer-term strategy of strengthening its management of regulatory risk while shrinking the size of its higher-risk merchant generation business, the agency said.

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