S&P changes Ameren to positive

S&P said it affirmed the ratings on Ameren Corp. and subsidiaries Ameren Illinois Co. and Union Electric Co. (doing business as Ameren Missouri), including the BBB+ issuer credit ratings, and revised the outlooks to positive from stable.

The agency said the positive outlook reflects the potential for higher ratings if Ameren can maintain its robust financial performance over the next few years.

“In our base-case scenario, we anticipate that Ameren will benefit from the consistent recovery of invested capital via regulatory riders and base rate cases along with ongoing prudent management of the capital structure, thereby supporting operating cash flow and financial measures,” S&P said in a news release.

© 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.