Entergy Spin-Off's Risks Highlight Nuclear Uncertainty

Law360, New York (November 9, 2007, 12:00 AM EST) -- Amid a surge in interest in nuclear power, a credit ratings agency has given Entergy's planned spin-off a tentative nod with a "moderate" to "moderately high" risk profile.

Fitch Ratings Ltd. estimated the new company's earnings before interest, taxes, depreciation and amortization at about $990 million and its new debt at about $4.5 billion, and it vacillated between a moderate risk profile with a BB rating and a moderately high one with a BB to B rating. Entergy, meanwhile, is rated at BBB-, with an evolving...
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