S&P Global Ratings has upgraded the issuer credit ratings on Entergy Louisiana LLC, Entergy Arkansas LLC and Entergy Mississippi, LLC to A- from BBB+ with a stable outlook.
The rating agency completed a criteria review of the utilities and concluded that they are sufficiently insulated from parent Entergy Corp. Any significant credit stress at Entergy will not have an adverse effect on the utilities' creditworthiness.
"The stable outlooks on [the utilities] reflect our expectation that the electric utilities' effective regulatory risk management will continue, and their financial measures will continue to remain supportive of stand-alone credit profiles of at least 'a-'," Ratings said in its Aug. 15 ratings action.
Each utility is financially and operationally independent, files its rate cases and is regulated by its respective state commission.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.