S&P cuts CenterPoint outlook to stable

Standard & Poor's said it revised the outlook on CenterPoint Energy Inc. and its subsidiaries CenterPoint Energy Houston Electric LLC and CenterPoint Energy Resource Corp. to stable from positive.

At the same time, S&P said it affirmed the ratings on the company, including the BBB issuer credit rating, noting that the ratings actions are based on CenterPoint's excellent business risk profile and the expectation that the company's financial risk profile is likely to remain aggressive over the next few years and not improve to an intermediate level as initially anticipated.

CenterPoint's excellent business risk profile reflects a combination of lower operating risk electricity and natural gas transmission and distribution operations that contribute 80%-85% of total cash flow, S&P added.

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