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Toledo Edison Company: Update to credit analysis

Our credit view of this issuer reflects its low business risk as an electric distribution, constrained by some regulatory uncertainty with pending ESP V rehearing and distribution rate case.

Toledo Edison Company: Update to credit analysis

Our view of Toledo Edison reflects its low business risk as an electric distribution utility offset by weak financial metrics and regulatory uncertainty related to its pending ESP.

Toledo Edison Company: Update following downgrade to Baa2

Our credit view of Toledo Edison reflects its low business risk as an electric distribution utility, deteriorated metrics following an adverse regulatory settlement and a weak parent.

Toledo Edison Company: Update following ratings affirmation with negat...

Our credit view reflects Toledo Edison's low business risk and historically supportive regulatory environment, offset by increased regulatory and political risk related to the parent.

Toledo Edison Company: Update following negative outlook

Our credit view of Toledo Edison reflects its improved financial profile and supportive regulation, constrained by high dividends to and corporate governance issues at the parent company.

Toledo Edison Company: Update to credit analysis

Our credit view of Toledo Edison reflects its low business risk as a distribution utility, a supportive regulatory regime in Ohio and improved financial metrics.

Toledo Edison Company: Update following upgrade to Baa1

Our credit view of Toledo Edison reflects its low business risk as a distribution utility, a supportive regulatory regime in Ohio and improved financial metrics.

Toledo Edison Company: Update following outlook change to positive

Our credit view of Toledo Edison reflects its low business risk as a distribution utility, supportive regulatory regime in Ohio and improving financial metrics.

Please Change Name Jairo Chung
  • Please Change Name Jairo Chung

Toledo Edison Company: Update to credit analysis

INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 11 August 2017 Update RATINGS Toledo Edison Company Domicile Toledo, Ohio, United States Long Term Rating Baa3 Type LT Issuer Rating Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Jairo Chung 212-553-5123

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