Fitch Affirms CenterPoint Energy and Subs; Houston Electric Outlook Revised to Stable
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Fitch Ratings has affirmed the Long- and Short-Term Issuer Default Ratings of CenterPoint Energy, Inc. (CNP) at 'BBB'/'F2', CenterPoint Energy Houston Electric, LLC (CEHE) at 'BBB+'/'F2', and CenterPoint Energy Resources Corp. (CERC) at 'A-'/'F2'. CEHE's Rating Outlook has been revised to Stable from Negative. The ratings reflect significant equity issuance, asset sales, and improvement in leverage. CEHE's high leverage remains a concern. Unexpected challenges could trigger adverse credit rating action.
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