NEW YORK June 12, 2007 - Standard & Poor's Ratings Services said today that the credit stability of the public power sector has continued despite the ongoing challenges facing the U.S. power industry.
"The sector has continued to experience overall credit stability, and even slight improvement, with 11 ratings raised and just two lowered in the past year," said Standard & Poor's credit analyst Peter Murphy in a report released today titled "Public Power Ratings Stability Continues Despite Ongoing Challenges."
Standard & Poor's maintains 232 ratings in the public power sector, which includes municipally owned electric utilities and combined (or multisegment) utilities as well as joint-action agencies consisting of two or more participating utilities. All credits in the sector but one are rated in the investment-grade category, with roughly 85% rated at least 'A-' and 23% reaching the 'AA' category.
|