(Reuters) - CMS has been making asset sales and using proceeds to
reduce its debt. CMS has now successfully completed the sale of
its businesses in the Middle East, Africa, India, Argentina and
Venezuela as well as the sale of certain northern Michigan gas
assets, Moody's said.
Moodys raised CMS' senior unsecured debt two notches to
"Ba1," one step below investment grade, from "Ba3." The outlook
is "stable," indicating an additional rating change is not
anticipated over the next 12 to 18 months.
Read more at Reuters.com Bonds News
reduce its debt. CMS has now successfully completed the sale of
its businesses in the Middle East, Africa, India, Argentina and
Venezuela as well as the sale of certain northern Michigan gas
assets, Moody's said.
Moodys raised CMS' senior unsecured debt two notches to
"Ba1," one step below investment grade, from "Ba3." The outlook
is "stable," indicating an additional rating change is not
anticipated over the next 12 to 18 months.
Read more at Reuters.com Bonds News
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