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S&P affirms CenterPoint
Standard & Poor's said it affirmed its corporate credit and issue ratings on CenterPoint Energy Inc. and its subsidiaries CenterPoint Energy Houston Electric LLC and CenterPoint Energy Resources Corp.
The short-term and commercial paper ratings of CenterPoint are raised to A-2 from A-3, the agency said, noting that the outlook has been revised to positive from stable.
According to S&P, the rating action is the result of the annual review for CenterPoint's credit profile and reflects the company's strong business risk profile and adequate financial profile that has improved gradually.
The ratings on CenterPoint reflect the consolidated credit profiles of its major subsidiaries, the agency said.
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