ABC Money
Home

Fitch upgrades FirstEnergy ratings


Published : Fri, 02 Feb 2007 19:19
By : Agencies
Print this Story

AddThis Social Bookmark Button

NEW YORK (AFX) - Fitch Ratings on Friday upgraded ratings for electric utility FirstEnergy Corp. and several of its subsidiaries.

The credit-rating agency upped FirstEnergy's issuer default rating to 'BBB' from 'BBB-' and its senior unsecured debt to 'BBB' from 'BBB-.' It also upgraded and affirmed ratings its Jersey Central Power & Light Co., Cleveland Electric Illuminating Co., Ohio Air Quality Development Authority and other subsidiaries.

Fitch said it made the upgrades due to improved operating performance from the company's power plants, a stronger balance sheet and a relatively positive regulatory environment.

FirstEnergy shares rose 6 cents to $60.63 in midday trading on the New York Stock Exchange.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share on


 You Might Like
Fitch upgrades Hilton Hotels ratings
Fitch backs Textron debt rating
+
FirstEnergy plans to buy back more stock
Fitch affirms TransDigm rating

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8742.46
-27.24 ( -0.31 %)
NASDAQ
1617.01
+17.95 ( 1.13 %)
FTSE 100
4505.37
-2.14 ( -0.05 %)

SYMBOL ( 2009-01-08 )
LAST
CHANGE
RECKITT BENCKISER ( 11:35am )
2760.00
+80.00 ( 2.99 %)
IMPERIAL TOBACCO ( 11:35am )
1868.00
+48.00 ( 2.64 %)
ROYAL DUTCH SHELL ( 11:35am )
1841.00
+36.00 ( 2.01 %)
BRITISH AMERICAN TOBACCO ( 11:35am )
1786.00
+32.00 ( 1.84 %)
ROYAL DUTCH SHELL-B ( 11:35am )
1768.00
+32.00 ( 1.86 %)

SYMBOL ( 2009-01-08 )
LAST
CHANGE
EXXON MOBIL CORP ( 4:01pm )
79.09
+0.84 ( 1.08 %)
MICROSOFT ( 4:00pm )
20.12
+0.61 ( 3.10 %)
3M COMPANY ( 4:01pm )
58.58
+0.51 ( 0.88 %)
VERIZON COMMUNICATIONS INC ( 4:00pm )
32.39
+0.49 ( 1.54 %)
ALCOA INC ( 4:00pm )
11.36
+0.47 ( 4.42 %)

SYMBOL ( 2009-01-08 )
LAST
CHANGE
SEARS HOLDINGS CORPORATION ( 4:00pm )
49.98
+9.43 ( 20.96 %)
AMER SCI ENGR ( 4:00pm )
79.65
+7.87 ( 10.77 %)
FIRST SOLAR INC ( 4:00pm )
155.36
+6.86 ( 4.68 %)
COMM BANCORP INC ( 9:30am )
39.48
+4.47 ( 11.32 %)
ISRAMCO INC ( 1:42pm )
31.25
+4.39 ( 14.49 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!

 Finance Explained

Money making ideas

Save money
Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.