S&P: CenterPoint to positive

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

S&P affirmed the BBB corporate credit ratings on the companies.

The outlook revision reflects the potential for higher ratings in the next 12 months resulting from incremental yet material improvements in CenterPoint's business and financial risk profiles that should support ratings up to one notch higher, the agency said.

CenterPoint's efforts to moderate business risk have resulted in improvements in the regulated electric and gas distribution operations that should allow these businesses to earn closer to their authorized returns on equity, the agency added.

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