trending Market Intelligence /marketintelligence/en/news-insights/trending/ajvdj6dpyu7oxehtu1d4nq2 content esgSubNav
In This List

Moody's upgrades CenterPoint Energy Resources' senior unsecured rating


Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy


Japan M&A By the Numbers: Q4 2023


See the Big Picture: Energy Transition in 2024

Moody's upgrades CenterPoint Energy Resources' senior unsecured rating

Moody's on Sept. 4 upgraded the senior unsecured rating of CenterPoint Energy Resources Corp. to Baa1 from Baa2, after CenterPoint Energy Inc. completed an internal spin of its midstream interests in Enable Midstream Partners and Enable GP LLC to a newly created subsidiary from CenterPoint Energy Resources.

Enable Midstream Partners"[CenterPoint Energy Resources]'s credit quality is enhanced by the elimination of midstream business risk and the reduction of debt associated with its Enable investment, which more than mitigates the loss of distributions received from Enable," Moody's said.

The rating outlook is positive. Moody's also affirmed the CenterPoint Energy Resources' Prime-2 short-term rating for commercial paper.

The rating action affected approximately $3 billion of debt securities.