S&P affirms CenterPoint Energy

Standard & Poor's said it affirmed its BBB corporate credit rating on CenterPoint Energy Inc. and subsidiaries CenterPoint Energy Resources Corp. and CenterPoint Energy Houston Electric, its BBB- rating on CenterPoint Energy's unsecured debt, its BBB rating on CenterPoint Energy Houston Electric's senior secured debt and CenterPoint Energy Resources' senior unsecured debt, and its BB+ rating on CenterPoint Energy and CenterPoint Energy Resources' preferred stock following S&P's review of the credit given the ongoing true-up proceeding at the Public Utilities Commission of Texas.

The outlook remains negative.

S&P said it will continue to monitor the true-up proceedings, but, given their complexity, the likely recovery cannot be estimated with the requisite certainty to take a rating action until a final true-up order is in place.

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