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Prospect News home > News index > List of issuers D > Headlines for DTE Energy Co. > News item
Published on 4/29/2024 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch gives DTE Energy notes BBB

Fitch Ratings said it assigned a BBB rating to DTE Energy Co.'s (BBB/stable) issuance of 2024 series D senior unsecured notes.

The notes will rank pari passu with DTE's existing senior unsecured debt.

The outlook is stable.

The proceeds of the notes will be used for the repayment of a portion of 2024 maturities and general corporate purposes.

Fitch said it projects that DTE's funds from operations leverage will remain in line with its ratings over the forecast period following near-term pressures from higher storm costs and unfavorable weather in 2023.


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