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

Moody's upgrades CenterPoint Energy Resources' senior unsecured rating

Blog

Insight Weekly: M&A players predict 2023 activity; SPAC IPOs dip; 2022 capacity retirements up

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Podcast

Energy Evolution | A transition to cleaner energy drives demand for new nickel mines


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.