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S&P lowers CenterPoint view to negative
Standard & Poor's said it revised the outlooks to negative from stable on CenterPoint Energy Inc. and subsidiaries CenterPoint Energy Houston Electric LLC and CenterPoint Energy Resources Corp.
The agency also said it affirmed the companies’ issuer credit ratings at A-/
The negative outlook reflects a potential weakening of higher-risk Enable Midstream Partners LP's stand-alone credit profile due to continued hydrocarbon pricing pressure, S&P said.
Enable is a CenterPoint joint venture with OGE Energy Corp., the agency explained.
A further deterioration in Enable's stand-alone credit profile or financial performance, especially to a degree that results in a lower rating, could cause a CenterPoint downgrade, S&P said.
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