trending Market Intelligence /marketintelligence/en/news-insights/trending/91Tu_TuFoK0C76GtApKTkA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P downgrades Cleco citing debt concerns

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


S&P downgrades Cleco citing debt concerns

Standard& Poor's Ratings Services downgraded ClecoCorp.'s issuer credit rating to BBB- on April 8 citing "materiallyweaker financial measures" as a result of its debt-laden acquisition by a consortium of investors.

The companywas previously rated BBB+.

The -ledinvestor group plans to fund the $4.7 billion acquisition with the help of debtwhich will carry over to the company in the amount of $1.35 billion, weakening its funds from operations, S&Psaid. The Louisiana Public Service Commission signed off on the deal in late March.

The ratingagency also cited $136 millionin customer rate credits and the company's inabilityto file a rate case before June 2019 as risks to its financial profile.

S&Pdid however affirm the issuer credit rating of Cleco's utility subsidiary at BBB+.