In what Standard & Poor’s (S&P) says will become more common among the large energy companies, Sempra Energy was the second firm subjected to an accounting analysis to adjust the company’s reported financial results to get what S&P considers a more accurate set of financial ratios to adjust or affirm companies’ true credit risk. In Sempra’s case, the ratings were unchanged, staying at “BBB+” and at the “A” level for its two major utilities.
Affirming
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S&P Adds ‘Accounting Analysis’ for Sempra Energy Before Affirming Ratings
In what Standard & Poor’s (S&P) says will become more common among the large energy companies, Sempra Energy was the second firm subjected to an accounting analysis to adjust the company’s reported financial results to get what S&P considers a more accurate set of financial ratios to adjust or affirm companies’ true credit risk. In Sempra’s case, the ratings were unchanged, staying at “BBB+” and at the “A” level for its two major utilities.
December 7, 2004
S&P Revises Kerr-McGee’s Outlook from ‘Positive’ to ‘Stable’
While affirming Kerr-McGee Corp.’s ‘BBB’ long-term corporate credit and senior unsecured ratings and its ‘A-2’ short-term corporate credit and commercial paper ratings, Standard & Poor’s Ratings Services (S&P) said Monday that the company’s outlook was revised to stable from positive.
January 14, 2003
S&P Revises Outlook of TXU and Subsidiaries to ‘Negative’
Despite affirming its “BBB+” rating on Dallas-based TXU Corp., Standard & Poor’s Ratings Services (S&P) said that it has revised the outlook for the electricity and gas provider and its subsidiaries to “negative” from “stable.” The rating agency pointed out that the company has about $18.7 billion in debt outstanding.
September 30, 2002
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